According to Deep Tide TechFlow news, on January 2, CryptoQuant analyst Burakkesmeci stated that the Coinbase premium index has continued to decline, falling to -0.237, marking a new low in nearly 12 months. Previously, this index had dropped to -0.200 just before the U.S. elections on October 25, 2024.
Analysis indicates that under the low liquidity market environment at the end of the year, the decline in Bitcoin prices combined with the increasing selling pressure in the U.S. market has led to further pressure on the Coinbase premium index.
The decline in this indicator reflects insufficient institutional demand while highlighting the cautious sentiment among U.S. investors. If macroeconomic conditions do not improve or if institutional and retail buying does not recover, Bitcoin's short-term price may face correction pressure.
