Wu Shuo learned that, according to Coinglass data, Coinbase Bitcoin premium index has fallen to just -2%, which usually indicates significant selling pressure in the U.S. market; this is the second time this year it has dropped to this level, and the last time this happened, BTC briefly fell below $60k. The Coinbase Bitcoin premium index is used to measure the difference between Bitcoin prices on the mainstream U.S. exchange Coinbase and the average global market price.

BTC-7.04%
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