Coinbase Premium Turns Negative Again: Weak US Institutional Spot Demand, Market Possibly Entering Wait-and-See Phase

BlockBeats News, June 14th, according to CoinGlass data, the Coinbase Premium Index continues to remain in the negative range, indicating weak demand for cryptocurrency spot markets from U.S. institutions.

This index reflects the price difference between Coinbase Pro and global mainstream exchanges. The ongoing discount usually implies insufficient buying pressure in the U.S. market or that some institutions are staying on the sidelines or even net selling at the current price level.

Analysis points out that based on historical patterns, when the Coinbase Premium turns positive again, it often indicates that U.S. "smart money" is starting to actively increase their holdings of cryptocurrencies, usually accompanied by a strong trending uptrend. Currently, this index has not shown a clear reversal signal, indicating that in the short term, the marginal buying power of U.S. institutional funds in the market is relatively limited.