Coinbase Bitcoin Negative Premium Index Rapidly Expands, US Buying Power "Gradually Dwindling"

robot
Abstract generation in progress

BlockBeats News, June 2 — According to Coinglass data, Coinbase Bitcoin Negative Premium Index ended its mild easing trend from February to May, weakening again since May 8, recently rapidly expanding to -0.1323%. The purchasing power in the U.S. market has once again fallen into persistent sluggishness.

The Coinbase Bitcoin Premium Index is used to measure the difference between Bitcoin prices on Coinbase and the average global market price. A negative premium usually indicates greater selling pressure in the U.S. market, decreased investor risk appetite, increased market risk aversion sentiment, or capital outflows.

BTC-4.57%
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
  • 6
  • 2
  • Share
Comment
Add a comment
Add a comment
MildlyRugged
· 6h ago
Coinbase premium is a sentiment indicator; currently, it is bearish.
View OriginalReply0
AirdropOnTheDune
· 6h ago
Institutions have pulled out, but retail investors are still holding on.
View OriginalReply0
DrawTheCandlestickChartIn
· 6h ago
This data indicates that smart money is on the sidelines.
View OriginalReply0
EvenRocksNeedLiquidity
· 6h ago
Has the buying momentum dried up after the ETF approval?
View OriginalReply0
MosaicBow
· 6h ago
-0.13% may not seem significant, but the continuous outflow signal is quite obvious
View OriginalReply0
SunshineCollector
· 6h ago
Coinbase's negative premium has widened again, and U.S. funds are fleeing.
View OriginalReply0
  • Pinned