The spot premium index of Coinbase has begun to show signs of stabilization and bottoming out. Compared to the levels before the U.S. stock market opened on Monday, the price has slightly decreased, but the premium has increased somewhat;
This indicates that among the forces driving the price decline, the proportion of futures has started to increase, while among the forces driving the price rebound, the proportion of spot buying has also increased;
Therefore, this phenomenon is good news for bulls!
Generally speaking, under this condition, either a rebound occurs, confirming a false breakdown shakeout, or a final wave of accelerated decline emerges, followed by a confirmation that the correction has ended;