US Investors Turned Their Backs on Bitcoin: Critical Index Goes Negative!
According to the latest data, the Bitcoin Coin base Premium Index has moved into negative territory, indicating that the demand for Bitcoin from US investors has decreased.
According to data shared today by an author of the on-chain data platform CryptoQuant, the Bitcoin Coin base Premium Index has moved into the negative zone.
It shows the percentage difference between the Bitcoin price in Coin,base Premium, Coin,base Pro and the Bitcoin price in Binance. If this index is negative, it indicates that the purchasing demand of US investors has decreased.
Especially high premium values show that there is a strong buying pressure in Coinbase.
However, the current negative premium indicates that US investors' interest in Bitcoin is decreasing and selling pressure is increasing.
This may negatively affect Bitcoin's price movements and market dynamics. According to the author, this negative zone may be an important signal that investors should follow carefully.
According to CoinGecko data, Bitcoin is selling at $64,103 at the time of writing.