Coinglass Data: Coinbase Bitcoin Premium Index Falls to Just -2%

Wu Shuo learned that, according to Coinglass data, Coinbase Bitcoin premium index has fallen to just -2%, which usually indicates significant selling pressure in the U.S. market; this is the second time this year it has dropped to this level, and the last time this happened, BTC briefly fell below $60k. The Coinbase Bitcoin premium index is used to measure the difference between Bitcoin prices on the mainstream U.S. exchange Coinbase and the average global market price.
BTC-6.93%
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OvernightPositionPhobia
· 3h ago
Last time it broke below 60k, I cut my losses; this time I’m determined to stay flat.
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ColdLightNftCabinet
· 8h ago
-2% isn't considered deep, but combined with the macro environment, this time might be more troublesome
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PurpleMistLily
· 8h ago
Don't panic; negative premiums could also be arbitrage traders moving assets around, not necessarily a real crash.
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OrigamiMountainsAndRivers
· 8h ago
I'm focusing on the perpetual fee rate; the premium index combined with it provides a more accurate view.
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0XsundayCook
· 8h ago
Is Coinbase's premium negative again? Are the Americans dumping the market?
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Don'tCallMeABagHolder.
· 8h ago
This data is publicly delayed; making decisions truly requires integrating real-time order flow.
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Re-StakingSucculents
· 8h ago
How long has the negative premium been lasting? If it pulls back instantly, it's fine; if it lasts half a day, you should be cautious.
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SummerNightColdWallet
· 8h ago
Short-term traders, beware: this kind of signal usually signals to sell first.
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ArbitrageIsn'tAsGoodAsGetting
· 8h ago
This is the second time this year, I feel like the psychological barrier of 60k is about to shake again.
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