Coinbase溢价在7月初转为正值：机构兴趣重新燃起的信号？

币界网Published on 2024-07-23Last updated on 2024-07-23

币界网报道：

Coinbase溢价在5月中旬下跌一段时间后，于7月初转为正值

根据Kaiko的研究，这可能暗示机构对比特币的兴趣正在复苏。

重新燃起机构兴趣

Coinbase溢价衡量的是Coinbase BTC-USD对和币安BTC-UDT对上每小时比特币价格之间的差异，是加密货币市场机构情绪的关键指标。

7月1日，加密货币分析师David Lawant指出，Coinbase溢价已降至令人担忧的低点。他回忆起类似的事件，在溢价变为负值几个月后，加密货币出现了大幅反弹。

他的分析表明，这一指标可能再次预示着市场即将反弹。到7月15日，溢价飙升至两个月高点，强化了Lawant的看涨前景。

据Kaiko称，7月初的这一积极转变是自2022年6月底Terra崩溃以来的最低水平。鉴于机构交易量占Coinbase活动的80%以上，溢价通常被视为机构情绪的衡量标准。

从历史上看，Coinbase溢价与重大市场事件密切相关。例如，Terra和FTX的倒闭显著降低了比特币的机构需求，导致溢价跌至负值。然而，最近溢价的积极变化表明，机构对BTC的兴趣有所增加。

Kaiko还指出，最近Coinbase溢价的上涨可能受到Tether USDT波动性增加的影响。这种波动恰逢欧盟实施加密资产市场监管（MiCA），对稳定币发行人提出了严格要求。

Tether目前不符合这些规定，面临着主要加密货币交易所对欧洲经济区（EEA）用户的限制。因此，USDT在6月底失去了与美元的挂钩，但尽管在币安等流动性较低的平台上持续挣扎，但在大多数交易所都设法在7月初恢复。我们。

点驱动拉力赛

市场分析师HornHairs将比特币两个月来最大的Coinbase溢价解释为，当前的反弹主要是由现货购买推动的。这表明，鉴于比特币和以太坊区块链作为加密货币行业第一和第二大网络的突出地位，如果持续上涨，将由比特币和以太网区块链中的山寨币引领。

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