比特币重温 10 万美元关键里程碑，Coinbase 溢价指数转为正值

随着本周初的重大举措，比特币再次突破 10 万美元这一关键里程碑。这一举措在加密货币爱好者中引发了一波新的乐观情绪，因为随着最近的上涨，几个关键指标也出现了积极的变化。

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.

周一，比特币价格出现看涨迹象，重新审视了关键技术水平并激发了加密货币爱好者的乐观情绪。随着近期的上涨，一些关键指标也显示出积极的走势。

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.

随着 Coinbase 溢价指数转为正数，BTC 的市场动态发生了变化。这一指标反映了 Coinbase 上的比特币与其他加密货币交易所之间的价格差异，通常预示着机构需求的变化，尤其是来自美国投资者的需求。随着该指数进入正值区域，表明市场对比特币前景的信心增强，这可能会催化其下一次价格上涨。

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.

这一进展是在 Coinbase Premium 持续下跌并跌至 12 个月低点之后发生的。就在美国总统选举之前，由于该行业的不确定性不断增加，该指标于去年 10 月跌至 -0.200。与此同时，在2024年的最后一天，该指数进一步下跌至-0.237左右，创下过去12个月以来的最低水平。

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 美元的价格水平后，美国市场抛售压力加剧，加剧了比特币的大幅下跌。通常情况下，Coinbase 溢价指数的大幅下跌可能会导致比特币短期价格轨迹处于不利的环境。

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，随着该关键指标在 2025 年首次转为正数，并飙升至 102,000 美元以上，比特币的近期前景似乎再次发生变化。领先的链上分析公司 CryptoQuant 的数据显示，该指数升至接近 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.

该平台强调了美国投资者对市场的影响，并指出，自现货比特币交易所交易基金（ETF）获得批准以来，他们的行为一直是加密货币市场的领先指标。

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.

截至当地时间 18:04，Coinbase 单区块流出 4,012 BTC，Coinbase 溢价指数转正。这些数据共同表明，购买压力再次成为美国投资者行为的主导因素。

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.

周一，比特币价格上涨至 102,000 美元左右，遭遇新的上涨动力。此举引发了投资者对其短期和长期潜力的新一轮乐观情绪。

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.

市场专家加密货币泰坦（Titan of Crypto）在审视这一飙升时指出，比特币正在尝试一次关键突破，这可能会推动其上涨趋势。具体来说，比特币正试图突破幂律走廊趋势，这是一种通常在市场上涨之前出现的看涨模式。

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.

分析师表示，幂律走廊的蓝线正在受到 BTC 的测试，目前该线充当阻力位。如果比特币成功突破该线，则可能释放巨大的上涨潜力。