US demand is going missing for $BTC .
CryptoQuant CEO Ki Young Ju said the US bitcoin premium index fell to its lowest level in four years, and a deep negative premium signals weak US demand (reported Oct 30).
He framed it as a contrarian bottom signal. Historically, extreme lows in demand gauges have sometimes lined up with exhausted selling, but it's not a timing tool. With BTC near $77,000 and fear in the air, it's worth watching whether US buyers return.
Do you read a weak US premium as a bottom signal or as proof that demand is still fading?
Not financial advice.
#Bitcoin #CryptoQuant #OnChain
CryptoQuant CEO Ki Young Ju said the US bitcoin premium index fell to its lowest level in four years, and a deep negative premium signals weak US demand (reported Oct 30).
He framed it as a contrarian bottom signal. Historically, extreme lows in demand gauges have sometimes lined up with exhausted selling, but it's not a timing tool. With BTC near $77,000 and fear in the air, it's worth watching whether US buyers return.
Do you read a weak US premium as a bottom signal or as proof that demand is still fading?
Not financial advice.
#Bitcoin #CryptoQuant #OnChain