<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-09_16_52-PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-09_16_52-PM.png"/></p>
<p>比特币价格跌至重要的 50 日移动均线，继续面临重大阻力。现货比特币 ETF 的资金流出激增，而 Coinbase 溢价指数已连续数周处于负值，显示美国需求正在下降。比特币交易价格为 76,745 美元，较本月超过 82,000 美元的高点大幅下跌。</p>
<h2>比特币价格因 ETF 资金流出激增而下跌</h2>
<p>有迹象表明，本月美国对比特币的需求大幅下降。SoSoValue 汇编的数据表明，这些基金在本月初的势头如今已基本消失。</p>
<p>所有现货比特币 ETF 在过去三天内均遭遇资金流出。周二损失了 3.31 亿美元，此前一个月损失了 6.48 亿美元。总的来说，这些基金在过去三个交易日内流失了超过 12 亿美元。</p>
<p>值得注意的是，除非情况有所改变，否则它们将以亏损结束本月。本月它们已损失 7.27 亿美元，这一数字相当显著，因为它们在本月前六天内增加了超过 16 亿美元。</p>
<h2>Coinbase 溢价比特币指数下跌</h2>
<p>Coinbase 溢价比特币指数是一个备受关注的指标，在过去几周一直处于负值。这是一个重要的数字，反映了美国对该币的整体需求，而 Coinbase 是零售和机构客户中最受欢迎的交易所。</p>
<p>理想情况下，当需求强劲时，比特币在 Coinbase 上的价格往往高于其他交易所。今天，价格仍略高于国际上最受欢迎的平台 Binance。</p>
<p>期货市场也出现了同样的趋势，过去几个月的未平仓合约持续下降。该未平仓合约从几周前的 600 亿美元降至今天的 550 亿美元。</p>
<p>造成这种情况的原因有几个。首先，本月原油价格保持在高位，布伦特和西德克萨斯中质原油价格均超过 105 美元。美国的平均汽油价格已飙升至 4.5 美元，预计这种上涨在可预见的未来将继续。</p>
<p>这些数字意味着消费者通胀将在今年继续上升。上周发布的一份报告显示，4 月份消费者通胀率上升至 3.8%。生产者价格指数上升至 6%，为多年来的最高水平。因此，人们担心美联储将维持较高的利率更长时间。</p>
<p>其次，有迹象表明投资者正在放弃比特币，转向表现更好的股票市场，人工智能的繁荣正在加速。实际上，像 VOO 和 IVV 这样的顶级股票市场 ETF 今年已增加了数十亿美元。</p>
<p>第三，债券市场持续承压，30 年期收益率跃升至超过 5%。因此，有迹象表明投资者将在不久的将来开始转向债券市场。</p>
<h2>比特币价格预测：技术分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Bitcoin-price.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Bitcoin-price.png"/></p>
<p>比特币价格图表 | 来源：TradingView</p>
<p>技术分析也解释了比特币价格在过去几天为何暴跌。如上图所示，该币于 3 月 23 日开始形成上升楔形模式。该模式由两条上升的趋势线构成，当它们接近交汇点时会发生看跌突破。</p>
<p>该币已发生看跌突破，目前徘徊在 50 日移动均线附近。若价格跌破此水平，将确认看跌突破，并指向近期更多下行。如果发生这种情况，下一个关键关注水平将是 70,000 美元。</p>
<p>比特币价格因 ETF 资金流出上升、Coinbase 溢价指数下滑而暴跌的文章首次出现在 Invezz 上。</p>

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<p>比特币价格已暴跌至 76,745 美元，较近期超过 82,000 美元的高点大幅下跌，原因是 ETF 资金流出激增，而 Coinbase 溢价指数持续为负，表明美国需求下降。现货比特币 ETF 在三天内连续出现超过 12 亿美元的资金流出。导致这一下跌的因素包括消费者通胀上升、原油价格高企，以及投资者向股票和债券市场转移。技术分析显示出看跌趋势，关键支撑位在 70,000 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-09_16_52-PM.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-09_16_52-PM.png"/></p>
<p>Bitcoin price crashed to the important 50-day moving average as it continued facing major headwinds. Spot BTC ETF outflows are soaring, while the Coinbase Premium Index has remained in the red for weeks, a sign that American demand is falling. BTC was trading at $76,745, down sharply from this month’s high of over $82k.</p>
<div class="lb-trans"><p>比特币价格跌至重要的 50 日移动均线，继续面临重大阻力。现货比特币 ETF 的资金流出激增，而 Coinbase 溢价指数已连续数周处于负值，显示美国需求正在下降。比特币交易价格为 76,745 美元，较本月超过 82,000 美元的高点大幅下跌。</p>
</div><h2>Bitcoin price drops as ETF outflows surge</h2>
<div class="lb-trans"><h2>比特币价格因 ETF 资金流出激增而下跌</h2>
</div><p>There are signs that demand for Bitcoin in the United States has tumbled this month. Data compiled by SoSoValue shows that the momentum these funds started the month with has largely disappeared today.</p>
<div class="lb-trans"><p>有迹象表明，本月美国对比特币的需求大幅下降。SoSoValue 汇编的数据表明，这些基金在本月初的势头如今已基本消失。</p>
</div><p>All spot Bitcoin ETFs have now suffered outflows in the last three consecutive days. They lost $331 million on Tuesday after losing $648 million in the previous month. In total, these funds shed over $1.2 billion in the last three trading days.</p>
<div class="lb-trans"><p>所有现货比特币 ETF 在过去三天内均遭遇资金流出。周二损失了 3.31 亿美元，此前一个月损失了 6.48 亿美元。总的来说，这些基金在过去三个交易日内流失了超过 12 亿美元。</p>
</div><p>Most notably, they are on track to end the month in the red unless something changes. They have now lost $727 million this month, a notable figure since they added over $1.6 billion in the first six days of the month.</p>
<div class="lb-trans"><p>值得注意的是，除非情况有所改变，否则它们将以亏损结束本月。本月它们已损失 7.27 亿美元，这一数字相当显著，因为它们在本月前六天内增加了超过 16 亿美元。</p>
</div><h2>Coinbase Premium Bitcoin Index has dropped</h2>
<div class="lb-trans"><h2>Coinbase 溢价比特币指数下跌</h2>
</div><p>The Coinbase Premium Bitcoin Index, a closely-watched number has remained in the red in the past few weeks. This is an important figure that looks at the overall demand for the coin in the United States, where Coinbase is the most popular exchange among retail and institutional clients.</p>
<div class="lb-trans"><p>Coinbase 溢价比特币指数是一个备受关注的指标，在过去几周一直处于负值。这是一个重要的数字，反映了美国对该币的整体需求，而 Coinbase 是零售和机构客户中最受欢迎的交易所。</p>
</div><p>Ideally, when there is robust demand, the price of Bitcoin tends to be higher on Coinbase than other exchanges. Today, the price remains slightly higher than in Binance, which is the most popular platform internationally.</p>
<div class="lb-trans"><p>理想情况下，当需求强劲时，比特币在 Coinbase 上的价格往往高于其他交易所。今天，价格仍略高于国际上最受欢迎的平台 Binance。</p>
</div><p>The same trend is happening in the futures market, where the open interest has continued falling in the past few months. This open interest has dropped from over $60 billion a few weeks ago to $55 billion today.</p>
<div class="lb-trans"><p>期货市场也出现了同样的趋势，过去几个月的未平仓合约持续下降。该未平仓合约从几周前的 600 亿美元降至今天的 550 亿美元。</p>
</div><p>There are a few reasons why this is happening. First, crude oil prices have remained at an elevated level this month, with Brent and the West Texas Intermediate rising to over $105. The average gasoline price in the US has jumped to $4.5, and the surge may continue in the foreseeable future.</p>
<div class="lb-trans"><p>造成这种情况的原因有几个。首先，本月原油价格保持在高位，布伦特和西德克萨斯中质原油价格均超过 105 美元。美国的平均汽油价格已飙升至 4.5 美元，预计这种上涨在可预见的未来将继续。</p>
</div><p>These numbers mean that consumer inflation will continue rising this year. A report released last week showed that the headline consumer inflation rose to 3.8% in April. The producer price index rose to 6%, the highest level in years. As a result, there is fear that the Federal Reserve will maintain higher interest rates for longer.</p>
<div class="lb-trans"><p>这些数字意味着消费者通胀将在今年继续上升。上周发布的一份报告显示，4 月份消费者通胀率上升至 3.8%。生产者价格指数上升至 6%，为多年来的最高水平。因此，人们担心美联储将维持较高的利率更长时间。</p>
</div><p>Second, there are signs that investors are capitulating and moving to the better-performing stock market where the AI boom is accelerating. Indeed, top stock market ETFs like VOO and IVV have added billions of dollars this year.</p>
<div class="lb-trans"><p>其次，有迹象表明投资者正在放弃比特币，转向表现更好的股票市场，人工智能的繁荣正在加速。实际上，像 VOO 和 IVV 这样的顶级股票市场 ETF 今年已增加了数十亿美元。</p>
</div><p>Third, the bond market has continued to come under pressure, with the 30-year yields jumping to over 5%. As such, there are signs that investors will start moving to the bond market in the near future.</p>
<div class="lb-trans"><p>第三，债券市场持续承压，30 年期收益率跃升至超过 5%。因此，有迹象表明投资者将在不久的将来开始转向债券市场。</p>
</div><h2>BTC price prediction: Technical analysis</h2>
<div class="lb-trans"><h2>比特币价格预测：技术分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Bitcoin-price.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Bitcoin-price.png"/></p>
<p>BTC price chart | Source: TradingView</p>
<div class="lb-trans"><p>比特币价格图表 | 来源：TradingView</p>
</div><p>Technicals also explain why the BTC price has crashed in the past few days. As the chart above shows, the coin started forming a rising wedge pattern on March 23rd. This pattern is made up of two uptrending trendlines, with a bearish breakout happening when they near their confluence.</p>
<div class="lb-trans"><p>技术分析也解释了比特币价格在过去几天为何暴跌。如上图所示，该币于 3 月 23 日开始形成上升楔形模式。该模式由两条上升的趋势线构成，当它们接近交汇点时会发生看跌突破。</p>
</div><p>The coin has made a bearish breakout and is now hovering at the 50-day moving average. A drop below this price will confirm the bearish breakout and point to more downside in the near term. If this happens, the next key level to watch will be at $70,000.</p>
<div class="lb-trans"><p>该币已发生看跌突破，目前徘徊在 50 日移动均线附近。若价格跌破此水平，将确认看跌突破，并指向近期更多下行。如果发生这种情况，下一个关键关注水平将是 70,000 美元。</p>
</div><p>The post Bitcoin price crashes as ETF outflows rise, Coinbase Premium Index slips appeared first on Invezz</p>
<div class="lb-trans"><p>比特币价格因 ETF 资金流出上升、Coinbase 溢价指数下滑而暴跌的文章首次出现在 Invezz 上。</p>
</div>

Bitcoin price crashes as ETF outflows rise, Coinbase Premium Index slips

- 比特币价格跌至 50 日移动平均线，显示出严重下行压力。  
- 美国市场对比特币需求下降，ETF 资金流出总计超过 12 亿美元。  
- Coinbase Premium 指数持续下滑，反映出市场需求疲软。

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标普 500 ETF - iShares

随着 ETF 资金流出的增加，比特币价格暴跌，Coinbase 溢价指数也出现下滑