Summary
- It was reported that Bitcoin's Coinbase Premium Index has fallen to its lowest level in 12 months.
- The increase in selling pressure in the U.S. market and the lack of demand from institutional investors were analyzed as the causes of the decline.
- It was stated that without an improvement in the economic situation or the participation of new investors, Bitcoin price recovery would be difficult.
The Coinbase Premium Index, which reflects the sentiment of U.S. investors towards Bitcoin (BTC), has fallen to its lowest level in 12 months.
On the 2nd, CryptoQuant contributor Burak Kesme reported that "the Coinbase Premium Index for Bitcoin recorded -0.237 at the end of last year. This is the lowest level in the past year."
He explained, "This phenomenon occurred as selling pressure in the U.S. market increased amid low liquidity at the end of the year. This downward trend not only shows a lack of demand from institutional investors but also reflects the cautious attitude of U.S. investors."
He added, "Unless the economic situation improves or new investors participate, this trend is creating an environment that could make it difficult for Bitcoin prices to recover."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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