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🚨 A Key Bitcoin Demand Indicator Is Flashing Caution
The Coinbase Premium, often used to gauge U.S. institutional demand, has remained in discount territory in recent weeks. 📉
Historically, a premium signals strong spot buying from U.S. institutions. This time, however, as $BTC pulled back toward $60K, institutional dip-buying has been noticeably weaker than in previous corrections.
🤔 Will institutions return to buy the dip, or could #Bitcoin face more downside before demand picks up again?