Bitcoin's Coinbase Premium Index Stuck in Negative Territory for 102 Days
Bitcoin's Coinbase Premium Index has been stuck in negative territory for 102 consecutive days, indicating a persistent downtrend in market sentiment.
This prolonged negativity suggests that traders are favoring selling pressure over buying interest, making it challenging for Bitcoin to mount a robust rally.
The index currently sits at -0.10, deep in negative territory, and a movement above zero is necessary for bullish momentum to develop.