比特幣 Coinbase 溢價指數現已呈現顯著的正值

數據顯示，比特幣 Coinbase 溢價指數最近飆升，顯示它可能部分落後於最新的價格飆升。

Bitcoin (BTC) price has seen a strong recovery over the past few weeks, surging past the key level of $60,000. Now, as the asset approaches the next crucial resistance, some interesting trends are being observed in the market.

比特幣 (BTC) 價格在過去幾週強勁復甦，飆升至 60,000 美元的關鍵水平。現在，隨著資產接近下一個關鍵阻力位，市場上觀察到了一些有趣的趨勢。

Bitcoin Surges Past $60K, But Coinbase Premium Index Hints At Further Upward Trend

比特幣飆升至 6 萬美元以上，但 Coinbase 溢價指數暗示進一步上漲趨勢

Bitcoin price بالاخره managed to cross the psychological level of $60,000 after facing resistance at this point for a couple of days. Now, BTC trades at the mid-$60,000s, and the next target for the bulls seems to be the resistance around $68,000 to $70,000.

比特幣價格在經歷了幾天的阻力後成功突破了 60,000 美元的心理水平。現在，BTC 交易價格在 60,000 美元左右，多頭的下一個目標似乎是 68,000 美元至 70,000 美元附近的阻力位。

Related Reading: Bitcoin Surges Past $60K, Next Target In Sight As Bulls March On

相關閱讀：比特幣飆升至 6 萬美元以上，隨著牛市的繼續前進，下一個目標就在眼前

One indicator that has been closely followed this year to gauge the buying pressure in the U.S. market is the Coinbase Premium Index. This metric tracks the percentage difference between the BTC price listed on Coinbase (USD pair) and Binance (USDT pair). A positive value suggests a higher buying rate on Coinbase.

今年受到密切關注的衡量美國市場購買壓力的一項指標是 Coinbase 溢價指數。此指標追蹤 Coinbase（美元對）和 Binance（USDT 對）上列出的 BTC 價格之間的百分比差異。正值表示 Coinbase 的購買率較高。

CryptoQuant Head of Research Julio Moreno recently pointed out the trend in this index, showing that it had earlier dipped into the negative territory. However, with the latest rally in BTC’s price, the index has seen a sharp increase back into the positive region. This would indicate that the Coinbase investors have been participating in accumulation and it may be this buying that’s at least partially responsible for the coin’s surge.

CryptoQuant 研究主管 Julio Moreno 最近指出了該指數的趨勢，顯示該指數早前已跌入負值區域。然而，隨著比特幣價格的最新上漲，該指數已大幅上漲，回到正值區域。這表明 Coinbase 投資者一直在參與增持，而這種購買可能至少在一定程度上導致了代幣的飆升。

Coinbase is the main platform of the US-based investors, especially the large institutional entities, while Binance serves a global traffic. As such, the Coinbase Premium Index essentially reflects the difference in behavior between the American investors and the rest of the world.

Coinbase是美國投資者尤其是大型機構實體的主要平台，而Binance則服務全球流量。因此，Coinbase 溢價指數本質上反映了美國投資者與世界其他地區投資者行為的差異。

In 2024 so far, the cryptocurrency has been closely following this indicator, implying that the US-based whales have been driving the price action. Thus, it’s not unexpected to see the same trend continue for the new rally as well.

2024 年迄今為止，加密貨幣一直密切關注這項指標，這意味著美國的鯨魚一直在推動價格走勢。因此，新一輪反彈延續同樣的趨勢也就不足為奇了。

However, it is important to note that the Coinbase Premium Index can quickly flip, and if it does, BTC might also see bearish winds, as it has done many times in the year already.

然而，值得注意的是，Coinbase 溢價指數可能會迅速翻轉，如果發生這種情況，BTC 也可能會出現看跌風，就像今年已經發生過多次一樣。

Bitcoin Short-Term Holders Awaiting Next Leg Up At $66,300

比特幣短期持有者等待下一波上漲至 66,300 美元

In some other news, BTC is now approaching the cost basis of the final short-term holder cohort, as CryptoQuant author Axel Adler Jr has discussed in an X post.

在其他一些消息中，正如 CryptoQuant 作者 Axel Adler Jr 在 X 帖子中所討論的那樣，BTC 現在正在接近最終短期持有者群體的成本基礎。

This segment of the short-term holders, who bought their coins between three to six months ago, have their average cost basis at $66,300 right now. If Bitcoin can surpass this level, all of the short-term holders (that is, those who purchased within the last six months) would be back in the green.

這部分短期持有者在三到六個月前購買了代幣，目前的平均成本基礎為 66,300 美元。如果比特幣能夠超越這一水平，所有短期持有者（即過去六個月內購買的人）都將恢復盈利。

BTC price بالاخره crossed the $60,000 psychological level after facing resistance at this point for a couple of days. Now, BTC trades at the mid-$60,000s, and the next target for the bulls seems to be the resistance around $68,000 to $70,000.

BTC 價格在連續幾天面臨阻力後突破了 60,000 美元的心理水平。現在，BTC 交易價格在 60,000 美元左右，多頭的下一個目標似乎是 68,000 美元至 70,000 美元附近的阻力位。

One indicator that has been closely followed this year to gauge the buying pressure in the U.S. market is the Coinbase Premium Index. This metric tracks the percentage difference between the BTC price listed on Coinbase (USD pair) and Binance (USDT pair). A positive value suggests a higher buying rate on Coinbase.

今年受到密切關注的衡量美國市場購買壓力的一項指標是 Coinbase 溢價指數。此指標追蹤 Coinbase（美元對）和 Binance（USDT 對）上列出的 BTC 價格之間的百分比差異。正值表示 Coinbase 的購買率較高。

CryptoQuant Head of Research Julio Moreno recently pointed out the trend in this index, showing that it had earlier dipped into the negative territory. However, with the latest rally in BTC’s price, the index has seen a sharp increase back into the positive region. This would indicate that the Coinbase investors have been participating in accumulation and it may be this buying that’s at least partially responsible for the coin’s surge.

CryptoQuant 研究主管 Julio Moreno 最近指出了該指數的趨勢，顯示該指數早前已跌入負值區域。然而，隨著比特幣價格的最新上漲，該指數已大幅上漲，回到正值區域。這表明 Coinbase 投資者一直在參與增持，而這種購買可能至少是硬幣飆升的部分原因。

Coinbase is the main platform of the US-based investors, especially the large institutional entities, while Binance serves a global traffic. As such, the Coinbase Premium Index essentially reflects the difference in behavior between the American investors and the rest of the world.

Coinbase是美國投資者尤其是大型機構實體的主要平台，而Binance則服務全球流量。因此，Coinbase 溢價指數本質上反映了美國投資者與世界其他地區投資者行為的差異。

In 2024 so far, the cryptocurrency has been closely following this indicator, implying that the US-based whales have been driving the price action. Thus, it’s not unexpected to see the same trend continue for the new rally as well.

2024 年迄今為止，加密貨幣一直密切關注這項指標，這意味著美國的鯨魚一直在推動價格走勢。因此，新一輪反彈延續同樣的趨勢也就不足為奇了。

However, it is important to note that the Coinbase Premium Index can quickly flip, and if it does, BTC might also see bearish winds, as it has done many times in the year already.

然而，值得注意的是，Coinbase 溢價指數可能會迅速翻轉，如果發生這種情況，BTC 也可能會出現看跌風，就像今年已經發生過多次一樣。

Bitcoin Short-Term Holders Awaiting Next Leg Up At $66,300

比特幣短期持有者等待下一波上漲至 66,300 美元

In some other news, BTC is now approaching the cost basis of the final short-term holder cohort, as CryptoQuant author Axel Adler Jr has discussed in an X post.

在其他一些消息中，正如 CryptoQuant 作者 Axel Adler Jr 在 X 帖子中討論的那樣，BTC 現在正在接近最終短期持有者群體的成本基礎。

This segment of the short-term holders, who bought their coins between three to six months ago

這部分短期持有者在三到六個月前購買了代幣