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What does the continuous 5-day negative premium release signal? US market sentiment shifts to risk aversion
【Block Rhythm】According to the latest data from Coinglass, the Bitcoin premium index of a leading compliant trading platform has been in negative premium territory for 5 consecutive days, with the latest quote at -0.065%.
What exactly is this index? Simply put, it is used to compare the price difference of Bitcoin between a leading compliant trading platform and the global market. In other words, it can reflect the flow of US funds and the enthusiasm of institutional investment, serving as a key window to observe market sentiment changes.
What do premium and negative premium represent? When there is a positive premium, the platform price is ahead of the global average price, which usually indicates strong buying in the US market, active institutional deployment, ample US dollar liquidity, and a generally optimistic sentiment. Conversely, negative premium means the platform price is below the global average price. This typically reflects increased selling pressure in the US market, investors becoming more cautious, a rise in risk-averse sentiment, and even capital outflows.
Five consecutive days of negative premium seem to suggest a waning enthusiasm among mainstream US investors. This signal is worth paying attention to.