The Coinbase Premium index, which measures the price difference between Coinbase's USD market and Binance's USDT market for Bitcoin, has turned negative for the first time since May 29th, according to Cointelegraph. This indicates that Bitcoin is trading at a lower price on Coinbase compared to Binance. This shift coincides with a decrease in the Bitcoin buy/sell ratio on Coinbase, falling to 0.9. A ratio below 1 suggests stronger selling pressure from market makers, potentially contributing to the negative premium. Market makers selling on Coinbase and buying on Binance to capitalize on the price difference could be a contributing factor. While a single data point does not guarantee a sustained trend, it warrants attention. A negative Coinbase Premium can signal a shift in market sentiment and potential downward pressure on Bitcoin prices. Traders should monitor these indicators closely for further confirmation. ```

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