The spot premium index has shown signs of stabilization and possible bottoming. Compared to the situation before the U.S. stock market opened on Monday, prices have slightly declined, but the premium level has increased.

This indicates that the proportion of the futures market in driving down prices is increasing; at the same time, the proportion of purchases in the spot market that are promoting price rebounds has also improved.

This phenomenon is positive for bulls. Typically, in this situation, the market may welcome a wave of rebound, verifying that the previous decline was a false breakdown washout, or after experiencing a final wave of accelerated decline, confirm that the correction phase has ended.

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