Bitcoin trên các nền tảng Mỹ liên tục bị chiết khấu lớn, đã xảy ra chuyện gì?

【Block News】Bitcoin’s recent performance on mainstream US trading platforms has been a bit painful. Based on Coinglass data from January 11, Bitcoin has been in a negative premium state for 5 consecutive days, with the latest quote at -0.126%. More notably, out of the entire past 28 days, 26 days were in negative premium. This is not a small signal.

A simple explanation of what this premium index means——it’s used to compare the price difference of Bitcoin on mainstream US trading platforms versus the global average price. In other words, it’s an important window to observe capital flows in the US market, institutional attitudes, and overall sentiment.

Positive premium (price higher than global average) means what? Buyers over there are very aggressive, institutions or compliant funds are actively entering the market, dollar liquidity is sufficient, and investor sentiment is relatively optimistic. Conversely, negative premium (price lower than global average) reveals the other side——selling pressure in the US market is increasing, investor risk appetite is declining, risk-averse sentiment is spreading, or in other words, funds are flowing out. 26 consecutive days of negative premium? This indeed reflects the recent lukewarm attitude in the US market.