The Bitcoin premium index on a certain exchange has been negative for three consecutive weeks, indicating significant selling pressure in the US market.
According to ChainCatcher, citing CryptoQuant data, the bitcoin premium index on a certain exchange has remained negative for three consecutive weeks since turning from positive to negative on October 31. The premium index is positive when the bitcoin price on the exchange is higher than the global average, and negative otherwise. The current trend indicates significant selling pressure in the US market and a decline in investors' risk appetite.
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