# 巨鲸囤币

## 比特币：Coinbase溢价指数

这一指数是指Coinbase比特币美元价格与币安比特币美元价格之间的价差。溢价越高则越说明Coinbase上的巨鲸将会不顾高价继续买入比特币。2020年的牛市由美国机构投资者与高净值人士联手推动，他们使用的交易平台正是Coinbase。当比特币价格突破2万、3万和4万美金大关时，Coinbase溢价均超过50美元。

### 👉 [保存图表](https://cryptoquant.com/prochart/fdxeih58iv) 

![](/files/-MSRQ2ogvnQTcq4CFthm)

![](/files/-MSRQDazyGS6YjAJEjig)

![](/files/-MSRQLL-UhMrc2EkkZsM)

## 比特币：所有交易所流入均值（7日移动均线） <a href="#btc-all-exchanges-inflow-mean-7-day-ma" id="btc-all-exchanges-inflow-mean-7-day-ma"></a>

巨鲸往往会在市场上散户投资者较为活跃时进行套现。此指标反映的是所有交易所流入均值的7日移动均线。长期来看，当巨鲸在市场上较为活跃时，比特币的价格可能出现上涨。当这一指标低于1比特币时，则意味着市场上主要为散户投资者，币价可能下跌。

### 👉 [保存图表](https://cryptoquant.com/prochart/2gbmp5hb4b) <a href="#save-chart-1" id="save-chart-1"></a>

![](/files/-MSRQXizJX9dduWkhuLg)

{% content-ref url="/pages/-MSlVoLc7XKvcbGc8o5q" %}
[交易所流入/流出与净流入](/zh/exchange-flows/jiao-yi-suo-liu-ru-liu-chu-yu-jing-liu-ru.md)
{% endcontent-ref %}

## 比特币：灰度持仓/GBTC溢价

机构投资者属于“多方”，他们认同比特币是“数字黄金”的说法，并试图通过持有比特币来对抗通胀。许多美国机构通过灰度基金（GBTC）买入比特币，甚至导致GBTC出现溢价。我们的用户通常将此指标视作看涨信号。

![](/files/-MSk6d6EuNG2zRyPaClG)

### 👉 [保存图表](https://cryptoquant.com/prochart/nhhv4q1je3)

{% content-ref url="/pages/-MSMqsqol4iU\_8bjJL-N" %}
[灰度比特币信托（GBTC）](/zh/fund-data/grayscale-bitcoin-trust-gbtc.md)
{% endcontent-ref %}

{% content-ref url="/pages/-MSRev6BZqJ\_FGv9246b" %}
[灰度以太坊信托（ETHE）](/zh/grayscale-ethereum-trust-ethe.md)
{% endcontent-ref %}


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