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Coinbase Bitcoin Premium Index has been negative for three consecutive weeks, with significant selling pressure in the US market

Summary: According to reports, data from CryptoQuant shows that the Coinbase Bitcoin Premium Index has been negative for three consecutive weeks since October 31. The index is positive when the price of Bitcoin on Coinbase is higher than the global average, and negative when it is lower. The current trend indicates significant selling pressure in the ...

According to reports, data from CryptoQuant shows that the Coinbase Bitcoin Premium Index has been negative for three consecutive weeks since October 31. The index is positive when the price of Bitcoin on Coinbase is higher than the global average, and negative when it is lower. The current trend indicates significant selling pressure in the US market, with investors showing a decreased risk appetite.

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