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The Coinbase Premium Index has fallen to a 12-month low of -0.237, indicating increasing seller pressure in the U.S. Bitcoin market. Analysts attribute this decline to weak institutional demand and a cautious sentiment among U.S. investors. The index, which measures the difference between Coinbase prices and offshore prices, reflects a lackluster performance for Bitcoin, which is currently priced at $91,500. Experts suggest that recovery in the market may hinge on improved macroeconomic conditions or renewed buying interest from both institutional and retail investors.
Coinbase Premium Index just hit a 12-month low at -0.237—weak institutional demand and cautious U.S. sentiment are showing. With $BTC at $91,500 and seller pressure dominating, the path to recovery depends on better macro conditions or fresh buying from institutions and retail.… https://t.co/HMlaV7EU8w
📉 @coinbase premium hits 12-month low. “This drop not only signals a lack of institutional demand but also underscores the cautious sentiment among US investors,” noted @cryptoquant_com analysts. In their view, such trends can create a challenging environment for #Bitcoin's… https://t.co/NwPQ0CQKXD
Seems like the lackluster Bitcoin performance over the past week was due to Coinbase sellers. The Coinbase Premium Index (difference between Coinbase prices & offshore) was & is at the lowest level this year. https://t.co/EhNlv4P9kX
