Coinbase Bitcoin Premium Index Remains Negative
The Coinbase Bitcoin Premium Index continues to stay in negative territory, according to Pluang.
The Coinbase Bitcoin Premium Index remains negative, according to data from Pluang. The metric, which tracks the price difference between Bitcoin on Coinbase Pro and Binance, reflects regional buying pressure and institutional demand tendencies on the United States-based exchange.
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While specific volume metrics and price levels were not detailed in the report, the persistence of a negative premium indicates that selling pressure or softer demand has been prevalent on Coinbase relative to offshore platforms.
Key facts
- The Coinbase Bitcoin Premium Index stays negative, according to Pluang.
- The indicator measures the price spread for Bitcoin between Coinbase and global exchanges.
Source: news.google.com
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