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严格的编辑政策，侧重于准确性，相关性和公正性

The price of Bitcoin has shot up by more than double digits over the past week, putting in one of its best performances so far in 2025. After struggling to stay afloat at the $87,000 level for the past two months, the flagship cryptocurrency has finally returned above the $90,000 mark.

在过去的一周中，比特币的价格上涨了两位数的两位数，在2025年迄今为止表现最好。

While it remains unclear whether the recent BTC price surge is a continuation signal for the bull cycle, the latest on-chain data suggests that the investor sentiment might be turning positive again, meaning that the Bitcoin bull run could truly be returning.

尽管尚不清楚最近的BTC价格上涨是否是公牛周期的延续信号，但最新的链链数据表明，投资者的情绪可能会再次变为正面，这意味着比特币牛的运转确实可以返回。

‘ETF Printer Goes Brrr’ – Crypto Analyst

'ETF打印机brrr' - 加密分析师

In an April 25 post on X, a crypto analyst with the pseudonym Maartunn shared an on-chain insight into the recent price rally experienced by the world’s largest cryptocurrency. According to the online pundit, the growing appetite of exchange-traded fund (ETF) investors in the past few days might have contributed to the Bitcoin bullish momentum.

在4月25日在X上的帖子中，Maartunn的一位加密分析师分析了Maartunn的链接洞察力，以了解世界上最大的加密货币最近经历的价格集会。根据在线专家的说法，过去几天，交易所交易基金（ETF）投资者的需求不断增加，这可能促进了比特币的看涨势头。

The relevant indicator here is the Coinbase Premium Gap, which tracks the difference between the Bitcoin price on US-based Coinbase Pro (USD pair) and global Binance exchange (USDT pair). When this difference is positive, it implies BTC is trading at a higher price on Coinbase than on Binance.

这里的相关指标是Coinbase Premium Gap，它跟踪了总部位于美国的Coinbase Pro（USD Pair）和Global Binance Exchange（USDT对）的比特币价格之间的差异。当这种差异为正时，它意味着BTC的交易价格要比二手股更高。

Typically, a positive Coinbase Premium Gap indicates that US-based investors are purchasing Bitcoin aggressively, especially through ETF issuers that use Coinbase as a liquidity provider. According to data from CryptoQuant, this metric’s 30-hour moving average has stayed positive for more than 265 straight hours (approximately 11 days).

通常，阳性的Coinbase Premium Gap表明，总部位于美国的投资者正在积极购买比特币，尤其是通过使用Coinbase作为流动性提供商的ETF发行人。根据CryptoQuant的数据，该度量标准的30小时移动平均线连续265个小时（约11天）保持阳性。

Maartunn noted that this is the fifth-longest streak since the spot Bitcoin exchange-traded funds began trading in January 2024. Typically, a consistently positive Coinbase Premium Gap suggests that US institutional players and large investors are willing to pay above-market prices for Bitcoin – specifically through regulated channels like ETFs or custodial platforms.

Maartunn指出，这是自2024年1月的现货比特币交易所交易基金开始交易以来的第五个连胜纪录。通常，通常，始终如一的积极的coinbase Premium Gap表明，美国的机构参与者和大型投资者愿意为比特币支付比特币价格 - 特别是通过ETFS等监管渠道支付超过市场的价格，例如ETFS等人的市场。

This prolonged positive streak is historically correlated with positive price action and accumulation phases for the flagship cryptocurrency. Hence, the latest spike in the Coinbase Premium Gap could provide the adequate condition to sustain Bitcoin’s newly-found bullish momentum and perhaps catalyze the next significant breakout.

历史上，这种长时间的积极连接与旗舰加密货币的积极价格行动和积累阶段相关。因此，Coinbase Premium Gap中的最新峰值可能会提供足够的条件，以维持比特币新发现的看涨势头，并可能催化下一个重大的突破。

Bitcoin Price At A Glance

比特币价格一目了然

The price of Bitcoin has climbed above $95,000 for the first time since February, reflecting a 2% increase in the past 24 hours. According to CoinGecko data, the premier cryptocurrency has surged by more than 13% in the past seven days.

自2月以来，比特币的价格首次上涨了95,000美元，反映了过去24小时的2％。根据Coingecko数据，在过去的七天中，总理加密货币飙升了13％以上。