$BTC Is U.S. buying pressure cooling off? Two indicators are sounding the alarm at the same time!
📉 The Coinbase Premium Index has been negative for 41 consecutive days, currently at -0.17%—below the 30-day average of -0.12% and the 1-year average of -0.06%.
💸 Flows into U.S. spot BTC ETFs have also weakened:
There was a net outflow of approximately $643 million on October 30, and cumulative net outflows for October totaled approximately $516 million.
ETFs previously saw net inflows of around $441 million over four consecutive trading days, only for that to be reversed by a large outflow the very next day.
Taken together, these two indicators are worth watching closely.
The Coinbase Premium remaining negative suggests that $BTC is relatively weaker on Coinbase than in the global market; the shift to net ETF outflows reflects redemptions recently exceeding new investments.
But this doesn't mean all institutions are selling, nor can these two indicators alone tell us that the market will definitely keep falling.
Keep an eye on three developments:
1️⃣ Whether the Coinbase Premium turns positive again.
2️⃣ Whether ETFs return to sustained net inflows.
3️⃣ Whether spot buying keeps pace when $BTC rebounds.
If prices rebound but U.S. spot capital never flows back in, it will be hard to feel confident about this rally.
The market really has weakened since the black swan event. Let's talk again when things improve.
#提现服务恢复期间警惕诈骗 #美国中期选举倒计时，美股博弈窗口已开启？ #美国10月非农出炉：降息还有戏吗？ #苹果财报发布在即，股价能否再创新高 #币安10月31日储备金证明快照零知识证明已生成
📉 The Coinbase Premium Index has been negative for 41 consecutive days, currently at -0.17%—below the 30-day average of -0.12% and the 1-year average of -0.06%.
💸 Flows into U.S. spot BTC ETFs have also weakened:
There was a net outflow of approximately $643 million on October 30, and cumulative net outflows for October totaled approximately $516 million.
ETFs previously saw net inflows of around $441 million over four consecutive trading days, only for that to be reversed by a large outflow the very next day.
Taken together, these two indicators are worth watching closely.
The Coinbase Premium remaining negative suggests that $BTC is relatively weaker on Coinbase than in the global market; the shift to net ETF outflows reflects redemptions recently exceeding new investments.
But this doesn't mean all institutions are selling, nor can these two indicators alone tell us that the market will definitely keep falling.
Keep an eye on three developments:
1️⃣ Whether the Coinbase Premium turns positive again.
2️⃣ Whether ETFs return to sustained net inflows.
3️⃣ Whether spot buying keeps pace when $BTC rebounds.
If prices rebound but U.S. spot capital never flows back in, it will be hard to feel confident about this rally.
The market really has weakened since the black swan event. Let's talk again when things improve.
#提现服务恢复期间警惕诈骗 #美国中期选举倒计时，美股博弈窗口已开启？ #美国10月非农出炉：降息还有戏吗？ #苹果财报发布在即，股价能否再创新高 #币安10月31日储备金证明快照零知识证明已生成
