Coinbase Premium Hits Lowest Since June as US Bitcoin Demand Fades
- —Coinbase Premium was not positive on a single day in October
- —The metric hit its most negative level since June
- —Bitcoin is down 4.2% since the start of October
- —Data covers the period through October 27
Why it matters: A negative Coinbase premium signals absent US spot demand, limiting BTC's room for a near-term recovery.
Source: Koin Bülteni