机构抛售严重影响比特币市场

表明机构抛售的比特币 Coinbase 溢价负缺口已持续 7 天。该指标跟踪 Coinbase 的基于美元的 BTC 和 Binance 的基于 USDT 的 BTC 之间的价格差异。正值表明 Coinbase 的购买压力更大，而负值则意味着抛售压力更大。当前的负面趋势，尤其是其急剧下跌，与比特币最近的崩盘一致，表明 Coinbase 的机构交易员可能影响了比特币的低迷。

Bitcoin Coinbase Premium Gap Indicates Institutional Selling Pressure, Heightening Bearish Market Sentiment

比特币 Coinbase 溢价差距表明机构抛售压力，加剧看跌市场情绪

In a concerning development for the cryptocurrency market, the Bitcoin Coinbase Premium Gap has plunged into negative territory for an extended period, indicating a significant surge in institutional selling pressure on the Coinbase platform. This metric, which measures the price difference between Bitcoin on Coinbase and Binance, has been consistently red for the past seven days, a bearish sign not seen since December 2022.

加密货币市场的一个令人担忧的发展是，比特币 Coinbase 溢价差距在很长一段时间内陷入负值，这表明 Coinbase 平台上的机构抛售压力大幅上升。该指标衡量 Coinbase 和币安上比特币之间的价格差异，在过去 7 天里一直呈红色，这是自 2022 年 12 月以来从未出现过的看跌迹象。

When the Coinbase Premium Gap is positive, it suggests that buying pressure on Coinbase is stronger than on Binance, while a negative gap indicates the opposite. The recent downturn in the indicator points to an outflow of funds from the Coinbase platform, potentially contributing to the ongoing market correction.

当 Coinbase 溢价差距为正时，表明 Coinbase 的购买压力大于币安，而负差距则表明相反的情况。该指标近期的下滑表明资金从 Coinbase 平台流出，可能会导致持续的市场调整。

As Coinbase is predominantly used by US-based institutional entities, the negative Coinbase Premium Gap suggests that these investors are actively offloading Bitcoin. This trend, along with the recent decline in Bitcoin's price, raises concerns that institutional selling may be driving the market's bearish sentiment.

由于 Coinbase 主要由美国机构实体使用，Coinbase 溢价缺口为负值表明这些投资者正在积极抛售比特币。这一趋势，加上最近比特币价格的下跌，引发了人们的担忧，即机构抛售可能正在推动市场的看跌情绪。

Historically, the Bitcoin price has exhibited sensitivity to the Coinbase Premium Gap. When the indicator was heavily positive earlier this year, it coincided with a period of strong buying activity that fueled Bitcoin's rally. However, the recent reversal in the gap has accompanied Bitcoin's price slide.

从历史上看，比特币价格对 Coinbase 溢价差距表现出敏感性。今年早些时候，当该指标非常积极时，恰逢一段强劲的购买活动推动了比特币的上涨。然而，近期差距的逆转伴随着比特币价格的下滑。

The persistent negative values of the Coinbase Premium Gap suggest that institutional investors are continuing to divest from Bitcoin. As long as this trend persists, it is likely to exert a downward pressure on Bitcoin's price, exacerbating the prevailing bearish momentum.

Coinbase 溢价缺口持续为负值表明机构投资者正在继续撤资比特币。只要这种趋势持续下去，就可能对比特币价格产生下行压力，加剧当前的看跌势头。

A shift towards positive values in the Coinbase Premium Gap would signal a reversal of institutional sentiment, indicating buying interest at the current price levels. Such a development could provide a catalyst for a market recovery, although it remains uncertain when or if this shift will materialize.

Coinbase 溢价缺口向正值的转变将标志着机构情绪的逆转，表明当前价格水平的购买兴趣。这种发展可以为市场复苏提供催化剂，尽管这种转变何时或是否会实现仍不确定。

In the meantime, the Bitcoin price continues to hover around $58,600, down 7% over the past week. The negative Coinbase Premium Gap serves as a stark reminder of the influence institutional investors can have on the cryptocurrency market, and their current selling activity casts a shadow over Bitcoin's immediate outlook.

与此同时，比特币价格继续徘徊在 58,600 美元附近，较过去一周下跌 7%。 Coinbase 的负溢价缺口清楚地提醒人们，机构投资者可能对加密货币市场产生影响，而他们当前的抛售活动给比特币的近期前景蒙上了阴影。