Bitcoin holds near $82,000 as Coinbase Premium hits lowest since June 30
- —Coinbase Premium Index stood at -0.141 on Oct. 18, the lowest since June 30
- —BTC closed the week below the $82,500–82,800 support zone
- —US September PPI rose 1.7% month-on-month, the largest gain since March 2022
- —CME FedWatch puts a 75% chance on one more 25bp hike this year
Why it matters: A negative Coinbase premium signals weak US demand; a failed retest of $82,500 raises the risk of a drop below $80,000.
Source: Bloomingbit