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GummyBear (@0xGummyBear) mentioned the “Coinbase Premium Index,” which is also one of my go-to indicators. Together with the Binance USDC/USDT rate and RMMPC on Glassnode, these three make up the core trio for tracking USD buying power in the market. Plus, the first two are free to access. 1. Negative Coinbase Premium means US investor interest is cooling off. 2. If Binance USDC/USDT > 1, it signals more USDT is being swapped for USDC, suggesting money is exiting the market. 3. On RMMPC, when the blue line drops below the red, it shows US trading hours are losing their influence on BTC price action. If all three indicators line up, it’s likely BTC will lose momentum. Right now, we’re starting to see signs in #1 and #2, but #3 hasn’t triggered yet.

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@0xGummyBear
The Coinbase premium spread can generally reflect the sentiment of U.S. funds. From 2024 to 2026, as long as it enters a continuous negative premium, there's a high probability the trend will turn bearish. But still need to pay attention to the fact that this negative
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