PANews, June 26 news: CryptoQuant analyst Darkfost posted that the Coinbase Premium Index has been in negative territory for 40 consecutive days since May 15, reflecting persistent and recently intensifying selling pressure from professional and institutional investors. Coinbase Advanced is designed for professional and institutional clients, while Binance is the main platform for retail traders. Institutions continuously pushing prices lower fully reflects the current bearish sentiment surrounding Bitcoin.

The U.S. May PCE rose 4.1% year-on-year, higher than the expected 4.0%, and core PCE rose 3.4%, higher than the expected 3.3%, both the highest since April 2023; GDP growth of 2.1% far exceeded expectations, leaving the Fed facing a tougher policy choice. Darkfost noted that there is no prospect of monetary policy easing in the short term, the possibility of rate hikes is back on the table, and large investors’ risk-aversion sentiment remains deeply entrenched.