機構拋售嚴重影響比特幣市場

顯示機構拋售的比特幣 Coinbase 溢價負缺口已持續 7 天。該指標追蹤 Coinbase 的基於美元的 BTC 和 Binance 的基於 USDT 的 BTC 之間的價格差異。正值表示 Coinbase 的購買壓力較大，而負值則表示拋售壓力較大。當前的負面趨勢，尤其是其急劇下跌，與比特幣最近的崩盤一致，顯示 Coinbase 的機構交易員可能影響了比特幣的低迷。

Bitcoin Coinbase Premium Gap Indicates Institutional Selling Pressure, Heightening Bearish Market Sentiment

比特幣 Coinbase 溢價差距顯示機構拋售壓力，加劇看跌市場情緒

In a concerning development for the cryptocurrency market, the Bitcoin Coinbase Premium Gap has plunged into negative territory for an extended period, indicating a significant surge in institutional selling pressure on the Coinbase platform. This metric, which measures the price difference between Bitcoin on Coinbase and Binance, has been consistently red for the past seven days, a bearish sign not seen since December 2022.

加密貨幣市場的一個令人擔憂的發展是，比特幣 Coinbase 溢價差距在很長一段時間內陷入負值，這表明 Coinbase 平台上的機構拋售壓力大幅上升。該指標衡量 Coinbase 和幣安上比特幣之間的價格差異，在過去 7 天一直呈現紅色，這是自 2022 年 12 月以來從未出現過的看跌跡象。

When the Coinbase Premium Gap is positive, it suggests that buying pressure on Coinbase is stronger than on Binance, while a negative gap indicates the opposite. The recent downturn in the indicator points to an outflow of funds from the Coinbase platform, potentially contributing to the ongoing market correction.

當 Coinbase 溢價差距為正時，表示 Coinbase 的購買壓力大於幣安，而負差距則表示相反的情況。該指標的近期下滑顯示資金從 Coinbase 平台流出，可能會導致持續的市場調整。

As Coinbase is predominantly used by US-based institutional entities, the negative Coinbase Premium Gap suggests that these investors are actively offloading Bitcoin. This trend, along with the recent decline in Bitcoin's price, raises concerns that institutional selling may be driving the market's bearish sentiment.

由於 Coinbase 主要由美國機構實體使用，Coinbase 溢價缺口為負值表明這些投資者正在積極拋售比特幣。這一趨勢，加上最近比特幣價格的下跌，引發了人們的擔憂，即機構拋售可能正在推動市場的看跌情緒。

Historically, the Bitcoin price has exhibited sensitivity to the Coinbase Premium Gap. When the indicator was heavily positive earlier this year, it coincided with a period of strong buying activity that fueled Bitcoin's rally. However, the recent reversal in the gap has accompanied Bitcoin's price slide.

從歷史上看，比特幣價格對 Coinbase 溢價差距表現出敏感性。今年早些時候，當該指標非常積極時，恰逢一段強勁的購買活動推動了比特幣的上漲。然而，近期差距的逆轉伴隨著比特幣價格的下滑。

The persistent negative values of the Coinbase Premium Gap suggest that institutional investors are continuing to divest from Bitcoin. As long as this trend persists, it is likely to exert a downward pressure on Bitcoin's price, exacerbating the prevailing bearish momentum.

Coinbase 溢價缺口持續為負值表示機構投資者正在繼續撤資比特幣。只要這種趨勢持續下去，就可能對比特幣價格產生下行壓力，加劇當前的看跌勢頭。

A shift towards positive values in the Coinbase Premium Gap would signal a reversal of institutional sentiment, indicating buying interest at the current price levels. Such a development could provide a catalyst for a market recovery, although it remains uncertain when or if this shift will materialize.

Coinbase 溢價缺口向正值的轉變將標誌著機構情緒的逆轉，表明當前價格水平的購買興趣。這種發展可以為市場復甦提供催化劑，儘管這種轉變何時或是否會實現仍不確定。

In the meantime, the Bitcoin price continues to hover around $58,600, down 7% over the past week. The negative Coinbase Premium Gap serves as a stark reminder of the influence institutional investors can have on the cryptocurrency market, and their current selling activity casts a shadow over Bitcoin's immediate outlook.

與此同時，比特幣價格繼續徘徊在 58,600 美元附近，較過去一周下跌 7%。 Coinbase 的負溢價缺口清楚地提醒人們，機構投資者可能對加密貨幣市場產生影響，而他們當前的拋售活動給比特幣的近期前景蒙上了陰影。