比特幣（BTC）的價格回彈降至85,000美元，因為購買利息慢慢增加

在周三持續的看跌壓力之後，比特幣的價格證明了向上向上移至85,000美元的門檻，因為購買利息逐漸增加。

After persistent bearish pressure on Wednesday, Bitcoin’s price witnessed a brief upward move to the $85,000 threshold as buying interest slowly increased. Despite waning price movements, key metrics like the Bitcoin Coinbase Premium Index have started to improve as it moves closer to positive territory.

在周三持續的看跌壓力之後，比特幣的價格證明了向上向上移至85,000美元的門檻，因為購買利息逐漸增加。儘管價格變動不斷下降，但像比特幣共幣高級指數這樣的關鍵指標隨著它更接近積極的領域而開始改善。

BTC Coinbase Premium Shows Signs Of Recovery

BTC Coinbase Premium顯示了恢復的跡象

Bitcoin’s market sentiment appears to be gearing up for a notable shift due to data from the Coinbase Premium Index. In a recent post on the X (formerly Twitter), Daan Crypto Trades, a crypto analyst and trader, reports that the key metric has shown signs of recovery.

由於Coinbase Premium指數的數據，比特幣的市場情緒似乎正在為明顯的轉變做準備。在最近關於X（以前為Twitter）的文章中，加密分析師和交易員Daan Crypto Trades報告說，關鍵指標已顯示出恢復的跡象。

Specifically, the Bitcoin Coinbase Premium Index is an indicator that tracks the price difference of BTC on the Coinbase exchange and other major crypto exchanges in the sector. Daan Crypto Trades highlighted that the index is gradually attempting to move into positive territory after being extremely negative for most of April.

具體而言，比特幣共依基高級指數是一個指標，該指標跟踪Coinbase Exchange和該行業中其他主要加密交易所的BTC價格差異。 Daan Crypto交易強調，該指數在4月的大部分時間都極為負面後，逐漸試圖進入積極的領域。

[coinbase-premium-index-chart]

[Coinbase-Premium-index-chart]

This slight shift back toward positive territory points to a possible recovery in spot demand in the United States, which is typically observed as a bullish indication for the market as a whole. Although the premium is slowly turning positive, it is an indication of a resurgence of institutional interest and capital inflows from US retail traders.

這種輕微的轉移向積極的領域轉向了美國可能的現貨需求恢復，通常被認為是整個市場的看漲跡象。儘管溢價逐漸變為積極，但這表明了美國零售商人的機構利益和資本流入的複興。

According to the expert, this development comes after net Bitcoin Spot Exchange-Traded Funds (ETFs) outflows and BTC accumulation by Michael Saylor‘s MicroStrategy (NASDAQ:MSTR) firm. On Monday, the company purchased an additional 3,459 BTC, valued at $285.8 million at a cost price of $82,618.

根據專家的說法，這一發展是在比特幣現貨交易所貿易資金（ETF）流出和BTC積累的邁克爾·塞勒（Michael Saylor）的MicroStrategy（NASDAQ：MSTR）公司之後的。週一，該公司額外購買了3,459 BTC，價值2.858億美元，成本價格為82,618美元。

As of April 13, 2025, the company owned 531,644 BTC, which were purchased for $35.92 billion at a price of $67,556 each. Considering the recent purchase at $82,618, MicroStrategy has now achieved a BTC yield of 14% YTD in 2025.

截至2025年4月13日，該公司擁有531,644 BTC，以359.2億美元的價格購買，每個價格為67,556美元。考慮到最近的購買價格為82,618美元，MicroStrategy現在在2025年的BTC收益率為14％。

Even though the BTC Coinbase Premium Index tends to mostly be a lagging indicator, it might reveal underlying strength or weakness when the market is moving sideways. In the meantime, Daan Crypto Trades noted that the crucial metric is essentially flat currently, urging investors to closely monitor the trend.

即使BTC Coinbase Premium指數傾向於大多是一個滯後指標，但當市場向側面移動時，它可能揭示出潛在的優勢或弱點。同時，Daan Crypto交易指出，關鍵指標目前基本上是平坦的，敦促投資者密切監視趨勢。

Retail Bitcoin Holders Sell-Offs Surpass Large Investors

零售比特幣持有者售出的超越大型投資者

Amid Bitcoin’s ongoing volatility, there has been heightened selling pressure on crypto exchanges over the past 15 days. During this period, BTC retail and mid-sized investors were seen offloading their holdings more than whales or old investors.

在比特幣持續的波動性中，在過去的15天中，加密貨幣交易所的銷售壓力加劇了。在此期間，BTC零售業和中型投資者被發現佔有其持股量，而不是鯨魚或舊投資者。

Data from CryptoQuant Exchange Inflow Age/Value Bands shows that short-term holders have been the main sellers, transferring an average of 930 BTC to exchanges. Meanwhile, Long-Term Holders only saw daily movements of roughly 529 BTC, indicating that long-term conviction is still strong despite panic or profit-taking from short-term holders.

來自CryptoFant Exchange流入年齡/價值頻段的數據表明，短期持有人一直是主要賣家，平均將930 BTC轉移到交易所。同時，長期持有人每天只看到大約529 BTC的運動，表明儘管短期持有人的恐慌或盈利，長期定罪仍然很強烈。

This cohort-driven breakdown clarifies that the present correction is not a big exodus by smart money, since Bitcoin is trading sideways and volatility is compressing. Rather, it is most likely the result of anxious mid-tier and short-term holders.

這種隊列驅動的故障闡明，由於比特幣側面交易，並且波動性正在壓縮，因此目前的更正並不是智能貨幣的大外流。相反，這很可能是焦慮的中期和短期持有人的結果。