CryptoQuant analyst MAC.D wrote that Bitcoin's premium rate on Coinbase is -0.221%, indicating a potential buy signal. This is the fifth time that the Coinbase premium indicator has fallen to -0.221% since May last year. This shows that the buying pressure of US investors has decreased compared with Binance investors.
However, in the past, this phenomenon was only a temporary phenomenon in the bull market stage, and it can be seen that buying pressure is seen as an opportunity. It is not clear whether the price formed after this sharp drop is the bottom, but if the current stage is not the end of the bull market, it is believed that it is very likely that the bottom will be formed and a rebound will usher in.