CryptoWorld News: Bitcoin (BTC) Coinbase premium index has turned negative for the first time, reaching -0.008, indicating a significant weakening of demand in the U.S. spot market. Meanwhile, BTC's net weekly average realized loss has risen to $829 million, showing a decline in investor confidence. Analyst Ardi pointed out that BTC prices may remain volatile during the Federal Open Market Committee (FOMC) meeting, with key downside levels between $74,500 and $75,500. Additionally, according to CryptoQuant data, the 24-hour cumulative net buy volume dropped by $828 million on April 27, the lowest level since late March, with market sell orders exceeding buy orders.

BTC0.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments