Selling pressure from American investors pulls Bitcoin's Coinbase Premium index down to a 12-month low 📉

- The Bitcoin market is experiencing a decline in demand, particularly from American investors, as the Coinbase Premium index drops to -0.237, the lowest level since December 2023.

- The main reason is the lack of liquidity in the Bitcoin market and increased selling pressure in the U.S., along with caution from institutional investors.

- Nevertheless, this decline could open up a price increase opportunity, as the value of Bitcoin has the potential to recover if there is a change in macroeconomic conditions or renewed interest from investors. 🚀