Editor's PiCK
Coinbase premium negative for 3 consecutive weeks…"Crypto assets need U.S. institutions to regain trust"
Uk Jin
Summary
- It reported that the Coinbase premium index has been negative for three consecutive weeks.
- It said this index is an important indicator to assess demand for crypto assets in the United States.
- The assessment was that the sentiment of U.S. institutional investors has not fully recovered.
The 'Coinbase premium (the price difference between Coinbase and Binance)', an indicator that can gauge demand for crypto assets (cryptocurrencies) in the United States, was still shown to remain negative.
According to CryptoQuant data on the 22nd (Korean time), as of that date the Coinbase premium index was -0.06. Since it turned negative on October 31, it has recorded three consecutive weeks of negative values.
Ju Ki-young, CEO of CryptoQuant, said, "It is too early to say that the sentiment of U.S. institutional investors has fully recovered."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
