Coinbase Premium Turns Negative Again as U.S. Spot Demand Stays Weak
- —Coinbase premium back in negative territory, pointing to soft U.S. spot demand
- —CryptoQuant highlighted the trend, noting no signs of recovery
- —A sustained positive premium is seen as necessary for a market rebound
Why it matters: A negative Coinbase premium historically coincides with weak U.S. buying pressure and heightened downside risk for bitcoin.
Source: Coinfomania