Odaily星球日报讯 据加密分析师 Ali Martinez 发文称，Coinbase 溢价指数（Coinbase Premium Index ）过去一周转为正值，该指标趋势表明美国机构投资者的 BTC 需求可能会上升。

Odaily星球日报讯 据加密分析师 Ali Martinez 发文称，Coinbase 溢价指数（Coinbase Premium Index ）过去一周转为正值，该指标趋势表明美国机构投资者的 BTC 需求可能会上升。

Coinbase溢价指数过去一周转为正值，美国机构投资者的BTC需求或将上升

Odaily reported that according to a post by crypto analyst Ali Martinez, the Coinbase Premium Index has turned positive over the past week, indicating that the demand for BTC from US institutional investors may be on the rise.

Coinbase Premium Index turned positive in the past week, and the demand for BTC from US institutional investors may increase

Here is the English translation:

The Motly Fool analyst stated that Coinbase (Nasdaq: COIN), the largest cryptocurrency exchange in the United States, has been strong since the beginning of this year. Over the past year, Coinbase's stock investment return has been five times that of the S&P 500 index, with a favorable outlook and the potential to bring satisfactory returns by 2025 and in the future. The key points of the analysis are as follows:

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US stocks: Analysts believe that Coinbase stock has outperformed the S&P 500 index five times, and the market is optimistic

Odaily reports that Bitfinex has released a report stating that the price of BTC has been stagnant in the range of $91,000 to $102,000, entering a consolidation phase that has lasted over 75 days. However, this prolonged range fluctuation reflects the increasing maturity of BTC as an asset, with its annualized actual volatility reaching a historical low. Nevertheless, BTC remains sensitive to macroeconomic developments, particularly when Trump announced tariffs on Mexico and Canada, leading to a significant price drop. Recent trends indicate that BTC is increasingly viewed as a risk asset rather than a pure store of value. Its correlation with the S&P 500 index remains strong, while its correlation with gold has weakened. Bitfinex expects the BTC range fluctuation to continue in the near term and may face downward pressure if macroeconomic conditions deteriorate. However, despite the continued rise of gold and the changing sentiment of institutions towards BTC, the narrative of BTC as a store of value remains intact in the long run.

Bitfinex report: Bitcoin may serve more as a risk asset rather than a store of value

According to Kaiko's analysis, Coinbase's weekly trading volume reached a two-year high in the fourth quarter, driven by the market recovery after the election. However, the return of retail investors remains weak, with retail trading accounting for 18%, down from 40% in 2021. At the same time, Coinbase's Ethereum staking share has declined by 3.8% over the past six months, which may impact blockchain reward income. In addition, <Binance> has become the world's largest <USDC> market, with weekly trading volume reaching $24 billion in January, accounting for 49% of global <USDC> trading volume. In comparison, in deciding to phase out...

Coinbase Premium Index turned positive in the past week, and the demand for BTC from US institutional investors may increase

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