Reported 12 months ago
Bitcoin is currently trading at a discount on Coinbase, which experts believe could signal a price bottom for the cryptocurrency. The negative readings on the Coinbase Premium Index, which measures the price difference between Coinbase and Binance, suggest weak demand from U.S. investors. Historically, deeply negative readings have preceded local price bottoms and subsequent significant rallies for Bitcoin, indicating a potential turnaround in the market.
Source: YAHOO