Coinbase buyers have now seen Bitcoin trade below the global market price for 42 straight days, with a negative premium of 0.14%.
This means $BTC is slightly cheaper on Coinbase than on other major exchanges, suggesting weaker buying demand from US investors.
A negative premium lasting this long is worth watching because it may show that US buyers are less active.
However, it does not confirm heavy selling or predict Bitcoin’s next move. ETF flows, trading volume and price movements can help show whether US demand is picking up again.
#BTC Correction Incoming?# #Bitcoin Price Prediction: What is Bitcoins next move?#
This means $BTC is slightly cheaper on Coinbase than on other major exchanges, suggesting weaker buying demand from US investors.
A negative premium lasting this long is worth watching because it may show that US buyers are less active.
However, it does not confirm heavy selling or predict Bitcoin’s next move. ETF flows, trading volume and price movements can help show whether US demand is picking up again.
#BTC Correction Incoming?# #Bitcoin Price Prediction: What is Bitcoins next move?#