A negative Coinbase Premium indicates that US institutional investors are selling heavily or pausing accumulation.

In the short term, this negative value reflects bearish sentiment in the crypto market, but it can be a long-term buying opportunity for those who want to hold.

When market sentiment is low, savvy investors often find the best entry points for future profits.

In the long term, although the market is still in a downtrend channel, both buying and selling pressure are reduced.

This indicates an unclear market phase, trading may not be recommended due to the lack of a clear trend.