Bitcoin Demand Weakness Extends to 102 Days as Ethereum Price Outlook Falters
The Coinbase Premium Index for Bitcoin has been negative for 102 consecutive days. This persistent trend suggests reduced U.S. spot demand for Bitcoin, which may influence broader market sentiment and Ethereum's price outlook.
Market pricing currently reflects low expectations for Ethereum reaching $10,000 by the end of 2026, with odds between 1% and 4.5%. Investors should watch for changes in Bitcoin demand on U.S. exchanges as shifts could impact Ethereum's market potential and future price predictions.