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🚨 Key Bitcoin Demand Indicator Shows Caution
The Coinbase Premium, often used to gauge US institutional demand, has been in discount territory for the past few weeks. 📉
Historically, the premium signals strong spot buying from US institutions. This time, however, as $BTC drops back toward $60K, buying the dip by institutions feels weaker than in previous corrections.
🤔 Will institutions buy the dip again, or could #Bitcoin face more downside before demand picks up?