Bitcoin Coinbase Premium Turns Negative, Signaling Weakening US Investor Demand
CryptoNewsTerminal Staff25 Jul, 2024
Bitcoin Coinbase Premium Turns Negative, Signaling Weakening US Investor Demand
CryptoQuant contributor IT Tech analyzed that "The Bitcoin Coinbase premium (Coinbase-Binance price difference) has turned negative. This means that US investors' demand has decreased". This indicates a potential shift in sentiment among US investors, who have typically been seen as a major driving force behind Bitcoin's price action. The negative premium suggests that US investors are becoming less bullish on Bitcoin and may be looking to sell their holdings. This could put downward pressure on Bitcoin's price in the short term. However, it is important to note that the Coinbase premium is just one data point, and it is not always a reliable indicator of future price movements. It remains to be seen whether the negative premium will persist and whether it will have a significant impact on Bitcoin's price.
Related News
20 Sep, 2024
Bitcoin's Rise Linked to Global Liquidity
20 Sep, 2024
Cat Meme Coins Jump 40% After Fed Cuts Rates
20 Sep, 2024
MakerDAO Co-Founder Proposes SKY Bridging to Solana
20 Sep, 2024
CATI Touches $1.2 After Binance Listing
20 Sep, 2024
CATI, First Cat-Themed Token, Now Listed on Binance
20 Sep, 2024
Ethereum Foundation Offloads $760K Worth of ETH
20 Sep, 2024
Bitcoin's Rise Linked to Global Liquidity
20 Sep, 2024
Cat Meme Coins Jump 40% After Fed Cuts Rates
20 Sep, 2024
MakerDAO Co-Founder Proposes SKY Bridging to Solana
20 Sep, 2024
CATI Touches $1.2 After Binance Listing
20 Sep, 2024
CATI, First Cat-Themed Token, Now Listed on Binance
