Bitcoin

<ul><li>CryptoQuant reveals a significant drop in the Coinbase Premium Index, plunging below 0.05, signaling reduced US buying pressure.</li><li>The Coinbase Premium Index dip before the BTC correction highlights its pivotal role as a key market sentiment indicator, per CryptoQuant.</li><li>Bitcoin is currently priced at $67,145, reflecting a 7.77% decline in the last 24 hours and a 0.41% decrease over the past week.</li></ul>In a recent development, renowned analytical platform CryptoQuant has highlighted that the <a href="https://cryptoquant.com/alert?asset&#61;btc&amp;category&#61;market-data&amp;metric&#61;coinbase-premium-index&amp;thresholdValue&#61;0.05&amp;thresholdType&#61;DOWN&amp;resolution&#61;DAY&amp;key&#61;coinbase_premium_index&amp;memo&#61;US%20investors%27%20buying%20pressure%20is%20relatively%20weak%20in%20Coinbase.%20%28Modify%20the%20threshold%20value%20according%20to%20the%20situation/asset.%29%0A&amp;utm_source&#61;twitter&amp;utm_medium&#61;sns&amp;utm_campaign&#61;alert&amp;utm_content&#61;golden-time" rel="noopener noreferrer nofollow">Coinbase Premium Index</a> experienced a significant drop below 0.05, indicating a noteworthy moment of diminished buying pressure from the United States.  In a recent X post, the platform revealed that this development unfolded mere hours before Bitcoin (BTC) encountered a correction.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/856e5571ad3648f590f36f22c8cc40db.png" />The recent findings of the platform highlight the crucial role played by this index in understanding the market sentiments and predicting potential price fluctuations in the world of cryptocurrency. The recent drop below the 0.05 threshold is a warning sign, indicating a change in dynamics within the US market where Coinbase has a significant impact.<a href="https://cryptotale.org/coinbase-premium-index-plunge-precedes-btc-correction-signaling-us-market-shift/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Coinbase Premium Index Plunge Precedes BTC Correction, Signaling US Market Shift

CryptoTale

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