Coinbase Premium指数信号比特币（BTC）恢复可能正在进入新阶段

本周早些时候，短暂的向上动力爆发后，比特币似乎进入了一段巩固。

Bitcoin appears to be entering a period of consolidation following a brief burst of upward momentum earlier this week. After reaching nearly $86,000, the cryptocurrency has retraced slightly and is currently trading around $84,650.

本周早些时候，短暂的向上动力爆发后，比特币似乎进入了一段巩固。在达到近86,000美元的$ 86,000之后，加密货币略有回落，目前的交易约为84,650美元。

As the dust settles on Bitcoin's recent price action, analysts are delving deeper into on-chain data to assess whether renewed buying pressure could support a more sustained recovery.

随着尘埃落定对比特币最近的价格行动的解决，分析师正在深入研究链上数据，以评估更新的购买压力是否可以支持更持续的恢复。

One of those analysts, CryptoQuant contributor Avocado Onchain, recently shared his insights in a post titled "Coinbase Premium Signals Signs of Recovery Amid Market Turmoil, While Korea Premium Index Remains Lagging."

其中一位分析师是加密贡献者鳄梨·诺奇（Avocado Onchain），最近在市场动荡的帖子中分享了他的见解，标题为“ Coinbase Premium Signals恢复的迹象，而韩国高级指数仍然滞后。”

Avocado noted that escalating trade tensions between the US and China have added volatility to global markets, including Bitcoin.

鳄梨指出，美国和中国之间的贸易紧张局势不断提高，在包括比特币在内的全球市场增加了波动。

Bitcoin price action today | Source: BTC/USD on TradingView.com

今天的比特币价格动作|资料来源：btc/usd在tradingview.com上

After undergoing a more than 30% correction and falling below the $60,000 support, Bitcoin has managed to stabilize and rebound, trading above the key Fib support level of $70,000.

在接受超过30％的更正并低于60,000美元的支持之后，比特币设法稳定和反弹，交易高于$ 70,000的密钥FIB支持水平。

Bitcoin Coinbase Premium Tightens While Korea Lags

比特币共币库溢，韩国滞后

According to Avocado, the Coinbase Premium, which measures the price difference between Bitcoin on Coinbase and other major exchanges, has begun to show a constructive pattern.

根据鳄梨的说法，衡量Coinbase和其他主要交易所比特币之间的价格差异的Coinbase Premium开始显示出建设性的模式。

The analyst wrote: "Since the beginning of the prolonged correction in March 2024, the Coinbase Premium has displayed a pattern of compressing highs and lows. This was followed by a sharp rise in buying activity on Coinbase, causing the premium to spike and Bitcoin's price to surge."

这位分析师写道：“自2024年3月的延长校正开始以来，Coinbase Premium展示了一种压缩高点和低点的模式。随后，在Coinbase上购买活动的急剧上升，从而使Spike和Bitcoin的价格高涨。”

Currently, the premium is once again narrowing into a triangle pattern of lower highs and higher lows. Avocado interprets this as a potential precursor to renewed upside momentum in the market, similar to past cycles.

目前，溢价再次缩小到较低高和更高低点的三角形模式。鳄梨将其解释为在市场上更新上空动量的潜在先驱，类似于过去的周期。

"This pattern suggests that institutional and US-based demand is recovering, even as overall market conditions remain unstable," he added.

他补充说：“这种模式表明，即使整体市场状况仍然不稳定，但基于机构和美国的需求正在恢复。”

In contrast, the Korea Premium Index, which tracks the price spread between Korean exchanges and global averages, has shown a weaker profile. Avocado explained that this index trended lower throughout 2024 and only began to rise after Bitcoin had already started to rally, indicating delayed participation from Korean retail investors.

相比之下，跟踪韩国交流和全球平均值之间价格差的韩国高级指数显示出较弱的状况。鳄梨解释说，该指数在整个2024年的趋势下降，并且在比特币已经开始集会之后才开始上升，这表明韩国散户投资者的参与延迟。

This divergence between the two metrics highlights a shift in regional market leadership, with US investors currently taking a more proactive role.

这两个指标之间的这种差异突出了区域市场领导力的转变，美国投资者目前发挥了更为主动的作用。

Highlighting the Role of Regional Indicators in Market Recovery

强调区域指标在市场恢复中的作用

In his analysis, Avocado concluded that although macroeconomic uncertainty continues to influence short-term movements, indicators like the Coinbase Premium are showing signs of healthy demand. He pointed to the ongoing formation of a support base near $84,000 as a positive development in market structure.

鳄梨在他的分析中得出结论，尽管宏观经济不确定性继续影响短期运动，但诸如Coinbase Premium之类的指标仍显示出健康需求的迹象。他指出，作为市场结构的积极发展，持续建立了一个接近$ 84,000的支持基础。

"Although overall market conditions remain unstable, the upward trend in the Coinbase Premium's lows indicates healthy demand," he noted. "This bodes well for a potentially strong mid- to long-term recovery in Bitcoin's price trajectory."

他指出：“尽管总体市场状况仍然不稳定，但Coinbase Premium的低点的上升趋势表明需求健康。” “这对比特币价格轨迹的长期恢复潜在的长期恢复非常好。”