PANews reported on November 22 that, according to CryptoQuant data, the Coinbase Bitcoin Premium Index has remained negative for three consecutive weeks since it turned negative on October 31. The premium index is positive when the price of Bitcoin on Coinbase is higher than the global average price, and negative otherwise. The current trend indicates that there is significant selling pressure in the US market and investors' risk appetite is declining.
The Coinbase Bitcoin Premium Index has been negative for three consecutive weeks, indicating significant selling pressure in the US market.
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Author: PA一线
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