<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>比特幣價格跌至重要的 50 日移動均線，繼續面臨重大阻力。現貨比特幣 ETF 的資金流出激增，而 Coinbase 溢價指數已連續數週處於負值，顯示美國需求正在下降。比特幣交易價格為 76,745 美元，較本月超過 82,000 美元的高點大幅下跌。</p>
<h2>比特幣價格因 ETF 資金流出激增而下跌</h2>
<p>有跡象表明，本月美國對比特幣的需求大幅下降。SoSoValue 彙編的數據表明，這些基金在本月初的勢頭如今已基本消失。</p>
<p>所有現貨比特幣 ETF 在過去三天內均遭遇資金流出。週二損失了 3.31 億美元，此前一個月損失了 6.48 億美元。總的來説，這些基金在過去三個交易日內流失了超過 12 億美元。</p>
<p>值得注意的是，除非情況有所改變，否則它們將以虧損結束本月。本月它們已損失 7.27 億美元，這一數字相當顯著，因為它們在本月前六天內增加了超過 16 億美元。</p>
<h2>Coinbase 溢價比特幣指數下跌</h2>
<p>Coinbase 溢價比特幣指數是一個備受關注的指標，在過去幾週一直處於負值。這是一個重要的數字，反映了美國對該幣的整體需求，而 Coinbase 是零售和機構客户中最受歡迎的交易所。</p>
<p>理想情況下，當需求強勁時，比特幣在 Coinbase 上的價格往往高於其他交易所。今天，價格仍略高於國際上最受歡迎的平台 Binance。</p>
<p>期貨市場也出現了同樣的趨勢，過去幾個月的未平倉合約持續下降。該未平倉合約從幾周前的 600 億美元降至今天的 550 億美元。</p>
<p>造成這種情況的原因有幾個。首先，本月原油價格保持在高位，布倫特和西德克薩斯中質原油價格均超過 105 美元。美國的平均汽油價格已飆升至 4.5 美元，預計這種上漲在可預見的未來將繼續。</p>
<p>這些數字意味着消費者通脹將在今年繼續上升。上週發佈的一份報告顯示，4 月份消費者通脹率上升至 3.8%。生產者價格指數上升至 6%，為多年來的最高水平。因此，人們擔心美聯儲將維持較高的利率更長時間。</p>
<p>其次，有跡象表明投資者正在放棄比特幣，轉向表現更好的股票市場，人工智能的繁榮正在加速。實際上，像 VOO 和 IVV 這樣的頂級股票市場 ETF 今年已增加了數十億美元。</p>
<p>第三，債券市場持續承壓，30 年期收益率躍升至超過 5%。因此，有跡象表明投資者將在不久的將來開始轉向債券市場。</p>
<h2>比特幣價格預測：技術分析</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>比特幣價格圖表 | 來源：TradingView</p>
<p>技術分析也解釋了比特幣價格在過去幾天為何暴跌。如上圖所示，該幣於 3 月 23 日開始形成上升楔形模式。該模式由兩條上升的趨勢線構成，當它們接近交匯點時會發生看跌突破。</p>
<p>該幣已發生看跌突破，目前徘徊在 50 日移動均線附近。若價格跌破此水平，將確認看跌突破，並指向近期更多下行。如果發生這種情況，下一個關鍵關注水平將是 70,000 美元。</p>
<p>比特幣價格因 ETF 資金流出上升、Coinbase 溢價指數下滑而暴跌的文章首次出現在 Invezz 上。</p>

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<p>比特幣價格已暴跌至 76,745 美元，較近期超過 82,000 美元的高點大幅下跌，原因是 ETF 資金流出激增，而 Coinbase 溢價指數持續為負，表明美國需求下降。現貨比特幣 ETF 在三天內連續出現超過 12 億美元的資金流出。導致這一下跌的因素包括消費者通脹上升、原油價格高企，以及投資者向股票和債券市場轉移。技術分析顯示出看跌趨勢，關鍵支撐位在 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>比特幣價格跌至重要的 50 日移動均線，繼續面臨重大阻力。現貨比特幣 ETF 的資金流出激增，而 Coinbase 溢價指數已連續數週處於負值，顯示美國需求正在下降。比特幣交易價格為 76,745 美元，較本月超過 82,000 美元的高點大幅下跌。</p>
</div><h2>Bitcoin price drops as ETF outflows surge</h2>
<div class="lb-trans"><h2>比特幣價格因 ETF 資金流出激增而下跌</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>有跡象表明，本月美國對比特幣的需求大幅下降。SoSoValue 彙編的數據表明，這些基金在本月初的勢頭如今已基本消失。</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>所有現貨比特幣 ETF 在過去三天內均遭遇資金流出。週二損失了 3.31 億美元，此前一個月損失了 6.48 億美元。總的來説，這些基金在過去三個交易日內流失了超過 12 億美元。</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，除非情況有所改變，否則它們將以虧損結束本月。本月它們已損失 7.27 億美元，這一數字相當顯著，因為它們在本月前六天內增加了超過 16 億美元。</p>
</div><h2>Coinbase Premium Bitcoin Index has dropped</h2>
<div class="lb-trans"><h2>Coinbase 溢價比特幣指數下跌</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 溢價比特幣指數是一個備受關注的指標，在過去幾週一直處於負值。這是一個重要的數字，反映了美國對該幣的整體需求，而 Coinbase 是零售和機構客户中最受歡迎的交易所。</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>理想情況下，當需求強勁時，比特幣在 Coinbase 上的價格往往高於其他交易所。今天，價格仍略高於國際上最受歡迎的平台 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>期貨市場也出現了同樣的趨勢，過去幾個月的未平倉合約持續下降。該未平倉合約從幾周前的 600 億美元降至今天的 550 億美元。</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>造成這種情況的原因有幾個。首先，本月原油價格保持在高位，布倫特和西德克薩斯中質原油價格均超過 105 美元。美國的平均汽油價格已飆升至 4.5 美元，預計這種上漲在可預見的未來將繼續。</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>這些數字意味着消費者通脹將在今年繼續上升。上週發佈的一份報告顯示，4 月份消費者通脹率上升至 3.8%。生產者價格指數上升至 6%，為多年來的最高水平。因此，人們擔心美聯儲將維持較高的利率更長時間。</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，有跡象表明投資者正在放棄比特幣，轉向表現更好的股票市場，人工智能的繁榮正在加速。實際上，像 VOO 和 IVV 這樣的頂級股票市場 ETF 今年已增加了數十億美元。</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，債券市場持續承壓，30 年期收益率躍升至超過 5%。因此，有跡象表明投資者將在不久的將來開始轉向債券市場。</p>
</div><h2>BTC price prediction: Technical analysis</h2>
<div class="lb-trans"><h2>比特幣價格預測：技術分析</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>比特幣價格圖表 | 來源：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>技術分析也解釋了比特幣價格在過去幾天為何暴跌。如上圖所示，該幣於 3 月 23 日開始形成上升楔形模式。該模式由兩條上升的趨勢線構成，當它們接近交匯點時會發生看跌突破。</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>該幣已發生看跌突破，目前徘徊在 50 日移動均線附近。若價格跌破此水平，將確認看跌突破，並指向近期更多下行。如果發生這種情況，下一個關鍵關注水平將是 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>比特幣價格因 ETF 資金流出上升、Coinbase 溢價指數下滑而暴跌的文章首次出現在 Invezz 上。</p>
</div>

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

- 比特幣價格跌至 50 日移動平均線，顯示出嚴重下行壓力。  
- 美國市場對比特幣需求下降，ETF 資金流出總計超過 12 億美元。  
- Coinbase Premium 指數持續下滑，反映出市場需求疲軟。

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隨着 ETF 資金流出的增加，比特幣價格暴跌，Coinbase 溢價指數也出現下滑