Quant 表示，比特币 Coinbase 溢价给出了潜在的买入信号

一位量化分析师解释了比特币 Coinbase 溢价指数的最新趋势如何意味着该资产的买入机会。

A quant has highlighted a possible buying indicator for Bitcoin (CRYPTO: BTC) as the latest trend in the Bitcoin Coinbase Premium Index could be signaling buying activity.

一位量化分析师强调了比特币（CRYPTO：BTC）可能的购买指标，因为比特币 Coinbase 溢价指数的最新趋势可能预示着购买活动。

Coinbase Premium Index Drops To -0.221%

Coinbase 溢价指数跌至-0.221%

In a CryptoQuant Quicktake post, an analyst noted the latest development in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” is an indicator that tracks the percentage difference between the BTC price on Coinbase (USD pair) and that on Binance (USDT pair).

在 CryptoQuant Quicktake 帖子中，一位分析师指出了比特币 Coinbase 溢价指数的最新发展。 “Coinbase 溢价指数”是一个跟踪 Coinbase（美元对）和 Binance（USDT 对）上的 BTC 价格之间的百分比差异的指标。

When the value of this indicator is positive, it signifies that the cryptocurrency is trading at a higher price on Coinbase than on Binance. Such a trend suggests there is a higher buying pressure or a lower selling pressure present on the former as compared to the latter.

当该指标的值为正值时，表示该加密货币在 Coinbase 上的交易价格高于 Binance 上的价格。这种趋势表明，与后者相比，前者存在更高的买入压力或更低的卖出压力。

On the other hand, the indicator being below the zero mark suggests that Binance users are participating in a higher amount of buying than Coinbase ones as they have pushed BTC to a higher value there.

另一方面，该指标低于零大关表明，币安用户参与的购买量高于 Coinbase 用户，因为他们将 BTC 推至更高的价值。

Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Index over the last few months:

现在，下面的图表显示了过去几个月比特币 Coinbase 溢价指数的趋势：

As can be seen here, the Bitcoin Coinbase Premium Index has seen a sharp decline into the negative region recently, indicating the emergence of selling activity on Coinbase.

从这里可以看出，比特币 Coinbase 溢价指数最近急剧下跌至负值区域，表明 Coinbase 上出现了抛售活动。

Interestingly, as this selling has occurred, the BTC price has also declined, suggesting that the negative premium may be a factor in the price decrease.

有趣的是，随着这种抛售的发生，比特币的价格也下跌了，这表明负溢价可能是价格下跌的一个因素。

Throughout the year, BTC’s price has followed the indicator in this manner, moving up and down with the shifts in buying and selling on Coinbase.

全年以来，BTC 的价格都以这种方式跟随指标，随着 Coinbase 上买卖的变化而上下波动。

The reason behind this relationship could be that Coinbase is known to host US-based institutional investors, who have had a strong presence in the market this year.

这种关系背后的原因可能是 Coinbase 因接待美国机构投资者而闻名，这些机构投资者今年在市场上表现强劲。

Hence, the Coinbase Premium Index turning red would naturally imply that these giant investors are selling. Considering that BTC’s price has been following the indicator, this would be a bearish signal for the asset.

因此，Coinbase 溢价指数变红自然意味着这些巨头投资者正在抛售。考虑到比特币的价格一直遵循该指标，这对该资产来说将是一个看跌信号。

However, there is another trend that could be indicating a different outcome for Bitcoin (CRYPTO: BTC).

然而，还有另一种趋势可能预示着比特币（加密货币：BTC）的不同结果。

As highlighted by the quant in the chart, the indicator has seen a rebound whenever its value has reached the -0.2% mark during the past year.

正如图表中的定量分析所强调的那样，在过去一年中，只要该指标的值达到-0.2%，就会出现反弹。

The reasoning behind this pattern could be that it’s usually around this level of selling that new buyers show up and decide to accumulate on the dip, pushing the indicator and the price up in the process.

这种模式背后的原因可能是，通常在这个抛售水平附近，新买家出现并决定逢低吸纳，在此过程中推动指标和价格上涨。

Currently, the indicator’s value is at -0.221%, so it’s possible that Bitcoin could be close to reaching a bottom, if it hasn’t already formed one. Of course, this would only be the case if the institutional investors still believe in the bull run.

目前，该指标的值为-0.221%，因此，如果比特币尚未形成底部，那么它可能已接近触底。当然，这只有在机构投资者仍然相信牛市的情况下才会出现。

BTC Price

比特币价格

Bitcoin briefly fell below the $93,000 level on Wednesday, but it seems the coin has found a rebound as its price is now trading around $94,100 at the time of writing.

周三，比特币一度跌破 93,000 美元的水平，但似乎已经反弹，因为在撰写本文时其价格目前约为 94,100 美元。