A certain exchange's bitcoin premium index has recorded negative values for 50 consecutive days, indicating that purchasing power in the U.S. market continues to be weak.
According to Odaily, CoinGlass data shows that the Bitcoin premium index on a certain exchange has recorded negative values for 50 consecutive days, with the latest at -0.13% and a 30-day average of -0.15%.
The Bitcoin premium index on a certain exchange is used to measure the price difference of Bitcoin between certain exchanges, reflecting the buying and selling pressure of the US market relative to the global market. The index remaining negative usually indicates that prices on a certain exchange are relatively lower, which may reflect weaker buying or increased selling pressure in the US market; however, this indicator alone should not be used to directly conclude that institutional funds are flowing out.
Previously, on August 24th, the Bitcoin premium index on a certain exchange turned positive for the first time since May 19th, briefly ending the record 97-day longest negative premium period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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