Coinbase Bitcoin Premium Narrows, US Market Selling Pressure Eases but Demand Yet to Recover

BlockBeats News, June 6th, according to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium for 19 consecutive days, currently at -0.0401%, but has narrowed compared to before. This indicates that the marginal selling pressure on BTC in the U.S. market has eased, but being in a negative premium for 19 consecutive days suggests that the U.S. market demand has not fully recovered.

Subsequent attention needs to be paid to whether this index can return to the positive premium range. If the Coinbase premium continues to recover, it may imply that U.S. buying interest is returning; if the negative premium widens again, the BTC price may still face selling pressure from the U.S. market.