美国投资者在比特币和以太坊市场中发挥关键作用，受规范的未来和机构采用推动了下一阶段的增长。

Bitcoin, Ethereum, and US Investors: A New Era?

比特币，以太坊和美国投资者：一个新时代？

US investors are playing a key role in the Bitcoin and Ethereum markets. With regulated futures and institutional adoption, are we entering a new era for these digital assets?

美国投资者在比特币和以太坊市场中发挥关键作用。有了受监管的未来和机构采用，我们是否正在进入这些数字资产的新时代？

US Investors Keep Crypto Afloat

美国投资者保持加密货币

Recent analysis suggests that US investors have been actively buying Bitcoin and Ethereum, helping to stabilize prices amidst global uncertainty. The Coinbase Premium Index, which tracks the price difference between Coinbase (USD pair) and Binance (USDT pair), has been positive since May 9, 2024, indicating strong buying activity from US institutional investors.

最近的分析表明，美国投资者一直在积极购买比特币和以太坊，有助于在全球不确定性中稳定价格。自2024年5月9日以来，Coinbase Premium指数跟踪了Coinbase（USD对）和Binance（USDT对）之间的价格差异，表明美国机构投资者的强大购买活动。

Burak Kesmeci, an on-chain analyst, noted that institutional investors and Bitcoin & Ethereum ETF investors (excluding Fidelity) are heavily purchasing through Coinbase. This buying pressure is believed to be a key factor in preventing sharp drops in Bitcoin and Ethereum prices despite ongoing geopolitical tensions.

链分析师Burak Kesmeci指出，机构投资者和比特币和以太坊ETF投资者（不包括Fidelity）通过Coinbase大量购买。据信这种购买压力是防止比特币和以太坊价格急剧下降的关键因素，尽管持续进行地缘政治紧张局势。

Coinbase's Role: Bridging Crypto and Wall Street

Coinbase的角色：桥接加密和华尔街

Coinbase is solidifying its position as a bridge between the decentralized world of crypto and traditional finance. The launch of U.S. Perpetual-Style Futures on July 21, 2025, a regulated product, marks a significant step towards institutional adoption. These futures contracts, with nano-sized contracts (0.01 BTC and 0.1 ETH), offer a regulated alternative to offshore exchanges, attracting both retail and institutional players.

Coinbase正在巩固其在分散的加密世界和传统金融世界之间的桥梁地位。受监管的产品于2025年7月21日推出了美国永久性期货，这标志着机构采用的重要一步。这些期货合同与纳米尺寸合同（0.01 BTC和0.1 ETH）提供了一个受监管的替代品，可以吸引零售和机构参与者。

Furthermore, Coinbase's Bitcoin accumulation strategy signals confidence in the asset's long-term value and aligns the company with institutional investors seeking stable counterparties. This strategy acts as a "capital buffer," reducing volatility exposure for customers and reinforcing Coinbase's credibility.

此外，Coinbase的比特币积累策略表明对资产的长期价值的信心，并将公司与寻求稳定对手的机构投资者保持一致。该策略是一种“资本缓冲区”，可减少客户的波动率，并增强Coinbase的信誉。

Ethereum vs. Bitcoin: A Potential Breakout?

以太坊与比特币：潜在的突破？

While Bitcoin remains a dominant force, Ethereum may be poised for a breakout. According to crypto analyst Michaël van de Poppe, Ethereum is showing underlying strength and could outperform Bitcoin if it breaches the 0.02325 BTC resistance level. Ethereum has been outperforming Bitcoin since early April, and a successful breakout would continue this trend.

尽管比特币仍然是主要力量，但以太坊可能有望突破。根据加密分析师MichaëlVande Poppe的说法，以太坊表现出潜在的强度，并且如果违反0.02325 BTC耐药水平，则可以胜过比特币。自4月初以来，以太坊的表现一直优于比特币，成功的突破将继续这一趋势。

Investment Implications

投资影响

The confluence of regulated infrastructure, Bitcoin accumulation, and institutional demand creates a compelling investment opportunity. Investors should monitor metrics like the Coinbase Premium Index, retail/institutional adoption rates, and Bitcoin's price performance relative to regulatory milestones.

受监管的基础设施，比特币积累和机构需求的汇合创造了令人信服的投资机会。投资者应监视诸如Coinbase Premium指数，零售/机构采用率以及比特币相对于监管里程碑的价格绩效等指标。

Final Thoughts

最后的想法

The crypto market is evolving, and US investors are at the forefront of this transformation. With regulated futures, institutional adoption, and potential breakouts on the horizon, it's an exciting time to be involved in the world of Bitcoin and Ethereum. So, buckle up, grab your favorite beverage, and enjoy the ride! It's gonna be wild!

加密市场正在发展，美国投资者处于这种转型的最前沿。随着受监管的未来，机构的采用以及潜在的突破，这是一个令人兴奋的时刻，可以参与比特币和以太坊的世界。因此，扣紧，拿起您最喜欢的饮料，享受旅程！会很疯狂！