Bitcoin slips below $100,000, US investor trading activity also declines

The recent decline in Bitcoin prices has significantly reduced trading activity among US investors. At the time of writing, the BTC price is around $92,540, which is a 6% drop over the past 4 days. With strong resistance forming at the $99,000 price level, US investors are gradually reducing their coin holdings. According to data from the on-chain platform CryptoQuant, the Bitcoin Coinbase Premium Index has declined over the past 7 days. The index is currently below 0 and at its 7-day low of -0.01. This indicator measures the price difference between Coinbase and Binance for Bitcoin. As Coinbase is the preferred platform for institutions and US investors, it tracks their trading activity. A negative value indicates that the Bitcoin price on Coinbase is lower than on Binance, suggesting weaker demand or selling pressure from US investors. The low buying activity of US investors is also reflected in the Bitcoin Coinbase Premium Gap. According to CryptoQuant, this indicator has dropped to a 7-day low of -10. This metric measures the price difference between the Bitcoin pair on Coinbase Pro (USD pair) and Binance (USDT pair). A positive gap indicates strong buying pressure from US investors on Coinbase, implying increased demand. Conversely, a negative gap suggests weaker demand from US investors.