According to Followin, the current BTC price on Coinbase has a negative premium of approximately 0.89% compared to several other major exchanges. Today, the negative premium briefly widened to -0.1%.
Since the 15th of this month, Coinbase's BCT price has been lower than the global market for 11 days.
Coinbase premium data is considered a barometer of investor sentiment in the US. Some investors have concluded that North America may be the main driver of the current sell-off in the BTC market. It's worth noting that overall liquidity is low during the Christmas holidays.
