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BlockBeats, citing CoinGlass data, reported that the Coinbase Bitcoin Premium Index was negative for 38 consecutive days, with the latest reading at -0.2434%. This indicates relatively weaker buying or greater selling pressure in the U.S. market.
CryptoQuant says Bitcoin October returns year-to-date stand at -4.2%, while spot demand has remained negative since October 14, with both U.S. investor buying interest and traders' profit margin declining.
Coinglass data shows that the Coinbase Bitcoin Premium Index has been negative for consecutive 33 days, with the latest reading at -0.1259%. This indicator reflects continued weak buying power in the U.S. market.
The Coinbase Bitcoin Premium Index has been negative for 20 consecutive days,October 13 reported at -0.1398%, reaching a recent low.