The Coinbase Premium indicator has fallen to -0.221%, marking the fifth time it has reached this level since last May. This decline indicates reduced buying pressure from U.S. investors compared to Binance investors.
However, historically, this phenomenon has been temporary during bull markets, often attracting new buyers who saw it as an opportunity.
While it's uncertain whether the price following this sharp decline represents the bottom, if the bull market continues, a bottom may form soon, potentially leading to a rebound.
Written by MAC_D
