比特币 (BTC) Coinbase 溢价指数转为负值，表明美国投资者的需求下降

该指数衡量 Coinbase Pro（美元对）和 Binance（USDT 对）上比特币价格之间的百分比差异。

Crypto analytics firm CryptoQuant reported the negative turn in the Coinbase Premium Index on Thursday.

加密货币分析公司 CryptoQuant 周四报告称 Coinbase 溢价指数出现负转。

This index measures the percentage difference between Bitcoin prices on Coinbase Pro (USD pair) and Binance (USDT pair).

该指数衡量 Coinbase Pro（美元对）和 Binance（USDT 对）上比特币价格之间的百分比差异。

A positive premium typically indicates strong buying pressure from U.S. investors on Coinbase, while a negative value suggests waning interest.

正溢价通常表明美国投资者对 Coinbase 的购买压力很大，而负溢价则表明兴趣减弱。

The shift in U.S. investor sentiment coincides with a broader market downturn. Bitcoin, the world’s largest cryptocurrency by market capitalization, experienced a nearly 3.5% drop since midnight UTC, trading around $64,000.

美国投资者情绪的转变与更广泛的市场低迷同时发生。比特币是全球市值最大的加密货币，自 UTC 午夜以来下跌了近 3.5%，交易价格约为 64,000 美元。

Ethereum ETH/USD saw an even steeper decline of over 8%, pulling the wider altcoin market down with it.

以太坊 ETH/USD 跌幅甚至超过 8%，拉低了更广泛的山寨币市场。

This cryptocurrency market downturn is occurring against a backdrop of global economic concerns.

加密货币市场低迷是在全球经济担忧的背景下发生的。

China’s second interest rate cut in a week has sparked worries about instability in the world’s second-largest economy.

中国一周内第二次降息引发了人们对世界第二大经济体不稳定的担忧。

As a result, major European stock indices, including Germany’s DAX, France’s CAC and the eurozone’s Euro Stoxx 50, all fell by over 1.5%. In the U.S., futures tied to the tech-heavy Nasdaq 100 were slightly lower following the index’s 3% slide on Wednesday.

受此影响，欧洲主要股指，包括德国DAX指数、法国CAC指数和欧元区欧洲斯托克50指数均下跌超过1.5%。在美国，与以科技股为主的纳斯达克 100 指数相关的期货在周三下跌 3% 后小幅走低。

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另请阅读：Tyler Winklevoss：Kamala Harris 冷落比特币会议不会被忘记，行业将在 11 月“毫不留情”

Some analysts maintain a long-term bullish outlook on Bitcoin and the broader cryptocurrency market.

一些分析师对比特币和更广泛的加密货币市场保持长期看涨前景。

Jamie Coutts, Chief Crypto Analyst at Real Vision, drew parallels between Bitcoin’s current trajectory and the early days of the NASDAQ:

Real Vision 首席加密分析师 Jamie Coutts 将比特币当前的轨迹与纳斯达克的早期进行了比较：

“2009 is to Millennials what 1982 was to Boomers,” Coutts stated. “The NASDAQ launched in the 1970s but wasn’t considered a serious investment venue until the mid-1980s or early ’90s. Since then, it has outperformed all other markets.”

“2009 年对于千禧一代来说就像 1982 年对于婴儿潮一代一样，”Coutts 说道。 “纳斯达克于 20 世纪 70 年代推出，但直到 20 世纪 80 年代中期或 90 年代初才被认为是一个严肃的投资场所。从那时起，它的表现优于所有其他市场。”

Coutts argues that Bitcoin, launched in 2009, is entering its “mainstream moment” after a decade of skepticism.

Coutts 认为，2009 年推出的比特币在经历了十年的怀疑之后，正在进入“主流时刻”。

He views investing in Bitcoin as a “low-risk way to hedge against accelerating debasement,” while considering the broader blockchain asset class as “a bet on the secular trend of technological adoption.”

他将投资比特币视为“对冲加速贬值的低风险方式”，同时将更广泛的区块链资产类别视为“对技术采用的长期趋势的押注”。

However, Coutts also emphasized the distinction between Bitcoin and other cryptocurrencies, noting they are “two very different assets with distinct risk profiles.”

然而，Coutts 也强调了比特币和其他加密货币之间的区别，并指出它们是“两种截然不同的资产，具有不同的风险状况”。

He advises investors to “size accordingly” but also to “zoom out,” suggesting that the current market conditions are part of a larger, ongoing secular bull market in the crypto space.

他建议投资者“相应调整规模”，但也要“缩小规模”，这表明当前的市场状况是加密货币领域更大、持续的长期牛市的一部分。

For those interested in further exploring the evolving landscape of digital assets and their integration into mainstream finance, Benzinga’s Future of Digital Assets event on Nov. 19 offers a timely platform for discussion and insight.

对于那些有兴趣进一步探索数字资产不断发展的格局及其与主流金融的融合的人来说，Benzinga 于 11 月 19 日举办的数字资产的未来活动提供了一个及时的讨论和见解平台。