Markets· ★★★· bearish· October 13, 15:43

Coinbase Bitcoin Premium stays negative for 20 straight days

—Coinbase Premium Index negative for 20 consecutive days
—Reading stood at -0.1398% on October 13
—Negative value means BTC is cheaper on Coinbase than on Binance
—Data comes from Coinglass, cited by BlockBeats

Why it matters: A prolonged negative premium points to weak US investor demand, adding downward pressure on bitcoin's price.

Source: TokenPost

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