CryptoQuant analyst: Coinbase platform Bitcoin premium rate is -0.221%, a potential buy signal

On December 24, CryptoQuant analyst MAC.D posted that the Bitcoin premium rate on Coinbase was -0.221%, suggesting a potential buy signal. The Coinbase premium indicator has dropped to -0.221%, which is the 5th time since May this year. This indicates that the buying pressure from US investors has weakened compared to Binance investors. However, during the previous bull market phases, this phenomenon was often temporary and was seen as an opportunity, leading to more inflows of buying capital. It is currently unclear whether the price formed after this plunge is the bottom, but if the current stage is not the end of the bull market, it is likely that a bottom will be formed and a rebound trend will appear in the near future.