In accordance with Bitjie, Coinbase's Bitcoin premium index has turned sharply negative, with analysts noting a 18-day continuous sell-off. The premium gap has dropped to -90 USD, indicating weaker demand on the U.S. exchange compared to offshore markets. A X account, 'Against Wall Street,' highlighted the lack of buy signals in the past 19 hours, while analyst NekoZ described the shift as a 'change in market power.' The last similar event occurred in February 2025, when the gap reached -138 USD.
Coinbase Premium Index Hits 18-Day Sell-Off as Bitcoin Premium Dips to -90 USD
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