比特幣重溫 10 萬美元關鍵里程碑，Coinbase 溢價指數轉為正值

隨著本周初的重大舉措，比特幣再次突破 10 萬美元這一關鍵里程碑。這項舉措在加密貨幣愛好者中引發了一波新的樂觀情緒，因為隨著最近的上漲，幾個關鍵指標也出現了積極的變化。

Bitcoin price showed signs of a bullish shift on Monday as it revisited a key technical level and sparked optimism among crypto enthusiasts. Several critical metrics also indicated positive movements alongside the recent upswing.

週一，比特幣價格出現看漲跡象，重新審視了關鍵技術水平並激發了加密貨幣愛好者的樂觀情緒。隨著近期的上漲，一些關鍵指標也顯示出正面的走勢。

BTC’s market dynamics shifted with the Coinbase Premium Index turning positive. This metric, reflecting the price difference between Bitcoin on Coinbase and other crypto exchanges, often signals changes in institutional demand, especially from US-based investors. As the index moved into positive territory, it suggested an increase in market confidence in Bitcoin’s prospects, which could catalyze its next price rally.

隨著 Coinbase 溢價指數轉為正數，BTC 的市場動態發生了變化。這項指標反映了 Coinbase 上的比特幣與其他加密貨幣交易所之間的價格差異，通常預示著機構需求的變化，尤其是來自美國投資者的需求。隨著該指數進入正值區域，顯示市場對比特幣前景的信心增強，這可能會催化其下一次價格上漲。

The development comes after the Coinbase Premium has seen a persistent decline, falling to a 12-month low. Just before the US Presidential elections, the metric fell as low as -0.200 in October last year amid growing uncertainty in the sector. Meanwhile, on the last day of 2024, the index dropped even further to about -0.237, marking the lowest level in the past 12 months.

這項進展是在 Coinbase Premium 持續下跌並跌至 12 個月低點之後發生的。就在美國總統選舉之前，由於該行業的不確定性不斷增加，該指標於去年 10 月跌至 -0.200。同時，在2024年的最後一天，該指數進一步下跌至-0.237左右，創下過去12個月以來的最低水準。

Furthermore, the sharp drop was fueled by heightened selling pressure in the US markets after BTC declined to the $91,500 price level. Typically, a large decrease in the Coinbase Premium Index can lead to an unfavorable environment for Bitcoin’s short-term price trajectory.

此外，在 BTC 跌至 91,500 美元的價格水平後，美國市場拋售壓力加劇，加劇了比特幣的大幅下跌。通常情況下，Coinbase 溢價指數的大幅下跌可能會導致比特幣短期價格軌跡處於不利的環境。

However, with the key metric turning positive for the first time in 2025 and coinciding with a surge above $102,000, BTC’s near-term prospects seemed to be shifting once again. Data from leading on-chain analytics firm CryptoQuant showed that the index rose to nearly 0.001.

然而，隨著該關鍵指標在 2025 年首次轉為正數，並飆升至 102,000 美元以上，比特幣的近期前景似乎再次發生變化。領先的鏈上分析公司 CryptoQuant 的數據顯示，該指數升至接近 0.001。

Highlighting the impact of US investors on the market, the platform noted that their actions have served as a leading indicator for the crypto market ever since the Spot Bitcoin Exchange-Traded Funds (ETFs) were approved.

該平台強調了美國投資者對市場的影響，並指出，自從現貨比特幣交易所交易基金（ETF）獲得批准以來，他們的行為一直是加密貨幣市場的領先指標。

At 18:04 local time, Coinbase saw a single block outflow of 4,012 BTC, in addition to the Coinbase Premium Index turning positive. These data together suggest that buying pressure is once again becoming the dominant factor in US investors’ behavior.

截至當地時間 18:04，Coinbase 單區塊流出 4,012 BTC，Coinbase 溢價指數轉正。這些數據共同表明，購買壓力再次成為美國投資者行為的主導因素。

Bitcoin price ascended to around $102,000 on Monday as it encountered a renewed upward momentum. This move sparked a wave of fresh optimism among investors about its short-term and long-term potential.

週一，比特幣價格上漲至 102,000 美元左右，遭遇新的上漲動力。此舉引發了投資者對其短期和長期潛力的新一輪樂觀情緒。

Examining the surge, Titan of Crypto, a market expert, noted that Bitcoin is attempting a key breakout that might fuel its uptrend. Specifically, BTC is trying to break out of the Power Law Corridor trend, which is a bullish pattern that often precedes an upswing in the market.

市場專家加密貨幣泰坦（Titan of Crypto）在審視這一飆升時指出，比特幣正在嘗試關鍵突破，這可能會推動其上漲趨勢。具體來說，比特幣正試圖突破冪律走廊趨勢，這是一種通常在市場上漲之前出現的看漲模式。

According to the analyst, the Power Law Corridor’s blue line is being tested by BTC, which is currently acting as resistance. If BTC manages to break out above this line, it could unlock significant upside potential.

分析師表示，冪律走廊的藍線正在受到 BTC 的測試，目前該線充當阻力位。如果比特幣成功突破該線，則可能釋放巨大的上漲潛力。