GBTC溢价或折扣

市场价格（GBTC）与原生资产价值（比特币）之间差值的百分比。溢价越高越说明美国的比特币市场正处于牛市。

Definition

The percent difference between the market price(GBTC) and native asset value(BTC). Higher the premium indicates the U.S. bull market.

$$\text{Premium} = \frac{\text{GBTC price} - \text{Bitcoin per share * Bitcoin price}}{\text{Bitcoin per share * Bitcoin price}}$$

Interpretation

Higher the premium indicates the U.S. bullish market, which also indicates downside risk. On the other hand, the lower premium indicates market bearish, which also indicates the upside risk.

Link to Our Data

• Grayscale Bitcoin Trust (GBTC) in CryptoQuant Live Chart

• Grayscale Bitcoin Trust (GBTC) in CryptoQuant Data API docs