Coinbase Premium falls to -0.079 as Americans sell BTC after CLARITY Act failure
- —Coinbase Premium Index fell to -0.079, its lowest since Aug. 16
- —Sellers dominate on Coinbase while demand persists on Binance
- —About 34,000 BTC from short-term holders flowed to exchanges in 24 hours
- —23,200 BTC of that volume was moved at a loss
Why it matters: Selling pressure is concentrated in the U.S. while global demand is steadier, which limits the scale of the BTC selloff.
Source: Newsbit