Negative premium for 29 consecutive days! Bitcoin trading sentiment in the US market has really cooled down.

【BlockBeats】Bitcoin’s performance in the US market has been quite interesting recently. According to the latest data, the Bitcoin premium index on a leading compliant trading platform has been in negative premium for 7 consecutive days, currently at -0.1184%. Even more astonishing, in the past month, there have been 29 days of negative premium. What does this indicate?

Let’s first understand what this indicator is. The premium index is used to compare the Bitcoin price on the platform with the average global market price. In other words, it reflects the capital flow in the US market, the true intentions of institutions, and the market sentiment.

What does a positive premium look like? During that time, the platform’s price is above the global average, indicating hot buying activity in the US, institutional funds rushing in, ample dollar liquidity, and quite optimistic investor sentiment. Buying enthusiasm is high, everyone wants to buy the dip.

But now, with negative premium, the situation is reversed. When the platform price is below the global average, what does that mean? It indicates that selling pressure in the US market is increasing, with retail and institutional investors reducing their positions. More importantly, investors’ risk appetite is declining, risk aversion is spreading, and some funds are quietly moving out.

Having 29 days of negative premium out of 30 days is not a short-term fluctuation. It reflects the recent true attitude of the US market—funds are watching, and sentiment is cautious. For traders who want to observe US market trends, this data is worth paying attention to.