The Coinbase Premium Index has recently diverged negatively from Bitcoin’s price, reflecting a decline in demand among U.S. Investors. This index, essential for gauging market interest, raises concerns amid Bitcoin’s price fluctuations.
Bitcoin’s price increased from 94,000 USD to 108,000 USD but currently shows a 2.4% decrease. Analysts urge caution as the decline in the Coinbase Premium Index suggests potential fragility in market momentum, especially with upcoming Bitcoin ETFs.