Opinion: Bitcoin on Coinbase has a negative premium for the first time since May last year, suggesting a potential buy signal

Odaily reports that CryptoQuant analyst MAC.D stated that the current Bitcoin premium on Coinbase is -0.221%, the fifth time it has reached this level since May last year. This decline indicates that the buying demand of US investors has weakened compared to Binance investors. The analyst pointed out that historically, this phenomenon is temporary during bull markets and usually attracts new buyers who see it as an opportunity. While it is uncertain whether the current sharp decline represents a bottom, if the bull market continues, a bottom may form quickly, potentially leading to a rebound.