The Coinbase Bitcoin Negative Premium Index continues to widen, indicating significant selling pressure from US investors.

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According to Coinglass data, the Coinbase Bitcoin Negative Premium Index has been expanding since January 24, and hit a low of -0.169% yesterday, indicating significant selling pressure on Bitcoin from US investors recently.

It is worth noting that during this morning's Bitcoin decline, the negative premium index did not expand again, but instead showed a short-term, slight narrowing trend.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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