Coinbase's negative Bitcoin premium narrows, the margin of selling pressure in the U.S. market eases, but demand has not yet been repaired

According to Coinglass data, the Coinbase Bitcoin Premium Index has been at a negative premium for 19th consecutive day, tentatively trading at-0.0401%, but it has narrowed compared with previous times. It shows that the marginal selling pressure on BTC in the U.S. market has eased, but it has been at a negative premium for 19 consecutive days, indicating that demand in the U.S. market has not yet been completely restored. In the future, we need to pay attention to whether this indicator can return to the positive premium range. If the Coinbase premium continues to be repaired, it may mean that U.S. buying will return again; if the negative premium is expanded again, the BTC price may still face selling pressure from the U.S. market.