BlockBeats 消息，2 月 2 日，分析师 Axel Adler Jr. 表示，「比特币期货资金流指数」结合了价格动态与衍生品资金流（吃单量+未平仓合约变化）。
而自上周五以来，资金流指数从约 50 暴跌至关键的 7.1%，处于该指数刻度区间的下限，也是过去一个月中的极值。自 1 月 28 日起持续被标记的价格走势，确认了持续的熊市状态。关键点在于：自 1 月 30 日起，该指数已跌破 45% 阈值，根据模型定义，这标志着进入熊市边界。
历史上，7.1% 的读数通常对应市场投降区域。要实现状态转换，指数需回升至 45% 以上且价格趋于稳定。在此之前，任何反弹在技术上仍属于熊市结构内的修复。
而另一指数——「比特币局部压力指数」整合了波动率、资金费率与杠杆水平，形成一个综合性压力指标。在 1 月 31 日（周五）晚间价格跌破 7.8 万美元的抛售中，该指数一度飙升至 92.5 的峰值。整个周末，该指数始终处于「尾部风险警戒」状态——这表明所有压力阀门（趋势下行+波动率升高+资金流偏向）同时被激活。当前读数 73 仍处于「高位」区间。
历史上，该指数突破 90 往往与局部价格底部重合。如果在新一轮压力下，LSI 再次突破 80，将预示着瀑布式下跌的延续。
两项指标共同描绘出一幅图景：资金流指数处于极端低位，局部压力指数则处于峰值。这正是市场「投降」的特征——当压力达到极限，市场开始尝试吸收流动性冲击。
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