Coinbase negative premium has persisted for 8 days straight, and ETFs are still bleeding. Are the Americans really out of money, or are they waiting for a lower price to buy in?

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BlockBeatNews
Coinbase Bitcoin Premium Index records negative values for 8 consecutive days, indicating weak purchasing power in the U.S. market
According to Coinglass data, BlockBeats reports that on May 23, Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, currently at -0.1197%. Bitcoin spot ETFs continue to outflow, and purchasing power in the U.S. market is weak. Negative premium usually indicates increased selling pressure in the U.S. market, decreased risk appetite, a rise in market risk aversion, or capital outflows.
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