Coinbase鯨魚正在推動BTC價格動作

CryptoQuant首席執行官Ki Young Ju競爭，大型玩家在Coinbase“鯨魚”上是影響比特幣價格的人

Crypto market behemoth Bitcoin (BTC) has been showing some major price swings as of late, and with a spike in trading volume for the marquee coin, there’s sure to be some interest in what’s affecting the coin’s latest movements.

加密市場龐然大物比特幣（BTC）最近顯示出一些主要的價格波動，並且在商品硬幣的交易量激增，對影響硬幣最新動作的影響肯定會引起人們的興趣。

According to CryptoQuant CEO Ki Young Ju, big players on Coinbase—“whales”—are the ones affecting Bitcoin’s price.

Coinbase上的大型球員“鯨魚”是CryptoQuant Ceo Ki Young Ju的說法，這是影響比特幣價格的人。

Coinbase whale(s) are driving BTC price action.

Coinbase Whale（S）正在推動BTC價格行動。

Spot volume dominance +30% in 7 days, CB premium negative. pic.twitter.com/6hszgLw9iY

斑點體積優勢在7天內 +30％，CB溢價負數。 pic.twitter.com/6hszglw9iy

— Ki Young Ju (@Ki_Young_Ju) February 24, 2025

- 年輕的司法24，2025

Over the last week, trading of Bitcoin on Coinbase has surged by more than 30%. This comes as the crypto has been showing some major ups and downs, with the coin dipping by 3.58% in the last 24 hours to land around the $88,700 mark.

在上週，Coinbase上比特幣的交易飆升了30％以上。這是因為加密貨幣表現出一些重大的起伏，在過去的24小時內，硬幣下降了3.58％，降落在$ 88,700的左右。

Coinbase Premium Index: Another Price Indicator

Coinbase Premium指數：另一個價格指標

While the spike in trading volume is one indicator, the Coinbase Premium Index provides further insight into Bitcoin’s price changes.

儘管交易量的高峰是一個指標，但Coinbase Premium指數提供了對比特幣價格變化的進一步見解。

This index measures Bitcoin’s price on Coinbase in relation to the spot market price. It has been exhibiting significant volatility in recent weeks.

該指數衡量比特幣相對於現貨市場價格的Coinbase的價格。最近幾週，它表現出明顯的波動性。

On February 24, Bitcoin’s price went from $95,000 to $88,900, and this rapid price decrease sparked reactions from prominent figures in the crypto sphere.

2月24日，比特幣的價格從95,000美元上漲至88,900美元，這種快速降低的價格下降了加密球體中著名人物的反應。

Bitcoin’s Cost Basis: Different Groups, Different Prices

比特幣的成本基礎：不同的群體，不同的價格

Earlier this month, on February 19, Ju shared more insight into Bitcoin’s cost basis across various market cohorts.

本月早些時候，2月19日，JU對各個市場同伙的比特幣成本基礎有了更多的了解。

According to his analysis, ETFs and custody wallets acquired their Bitcoin at an average price of $89K. In contrast, Binance traders purchased Bitcoin at a significantly lower cost, with an average price of $59K.

根據他的分析，ETF和監護錢包以平均8.9萬美元的價格收購了其比特幣。相比之下，Binance交易員以較低的成本購買了比特幣，平均價格為59K美元。

Examining the data even further, mining companies and long-term whales hold Bitcoin that they bought at even lower prices. For instance, old whales are holding BTC that they acquired at an average price of around $25K.

進一步檢查數據，採礦公司和長期鯨魚以更低的價格購買了比特幣。例如，舊鯨魚的平均價格約為25,000美元。

These differences in cost demonstrate that different types of Bitcoin holders entered the market at very distinct price points, highlighting the diverse nature of Bitcoin’s owners.

這些成本的差異表明，不同類型的比特幣持有人以非常不同的價格進入市場，突出了比特幣所有者的多樣性。

As the crypto market continues to be a hot topic of discussion, it will be interesting to see what other insights Ju shares about the market trends and the factors influencing cryptocurrency prices.

隨著加密貨幣市場仍然是討論的熱門話題，有趣的是，JU對市場趨勢的其他見解以及影響加密貨幣價格的因素有何分享。