The Coinbase Bitcoin Premium Index has turned deep red meaning U.S. traders are selling BTC aggressively compared to the rest of the world ๐บ๐ธ๐
This kind of negative premium shows that American spot prices are trading below global averages..clear evidence of heavy distribution from U.S. markets.
๐ผ Until this flips back to green, bounces might stay weak as U.S. liquidity keeps dragging the market down.
Once it shifts positive again, thatโs when bulls might finally take back control.
Stay alert, family weโre witnessing one of the strongest selling waves from the U.S. side this quarter โ ๏ธ
