Odaily Planet Daily News CryptoQuant analyst MAC.D stated that there is currently a negative premium of -0.221% for Bitcoin on Coinbase, which is the fifth time this level has been reached since May of last year. Compared to Binance investors, this decline indicates a reduction in buying demand from U.S. investors. The analyst pointed out that historically, this phenomenon has been temporary during bull markets and usually attracts new buyers who see it as an opportunity. While it is uncertain whether the price after this significant drop represents the bottom, if the bull market continues, a bottom may soon form, potentially leading to a rebound.