比特币在美国的需求信号在暴跌后重新显现

Core Insights - Bitcoin (BTC) has rebounded significantly from a recent low of nearly $60,000, indicating a potential shift in market sentiment among U.S. investors [1][3] - The Coinbase Bitcoin Premium Index, which tracks the price difference between Coinbase and the global market average, has improved from a deep negative of approximately -0.22% during peak sell-off to around -0.05% [1][3] - Despite the rebound, the index remains in negative territory, suggesting that while some investors are beginning to buy at lower prices, the overall market sentiment is still cautious [4] Market Indicators - The increase in the Coinbase Premium Index indicates that forced selling pressure is easing, and U.S. investors are starting to see value in Bitcoin after a rapid decline following the FTX collapse in 2022 [4] - The premium has not yet turned positive, which historically corresponds to increased accumulation by U.S. funds and a resurgence in risk appetite [4] - Market structure data from Kaiko shows that total trading volume across major exchanges is still significantly below the peak levels seen at the end of 2025, with spot trading showing signs of gradual decline rather than a clear demand surge [4] Price Movements - Bitcoin has rebounded over 15% from its intraday low and is currently trading just below $70,000, although it has still accumulated a decline of over 10% for the week [2][4] - Low liquidity in the market suggests that once selling pressure subsides, prices could experience a sharp rebound; however, if buying interest does not continue, the market may face renewed downward risks [2][4]