Bitcoin bear market deepens, Coinbase premium records -$57

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The weak sentiment in the US market is becoming quite evident. Bitcoin is trading at a discount on Coinbase compared to other exchanges, with the premium dropping to -$57.

This phenomenon is not just a simple numerical change. The Coinbase premium gap serves as a mirror indicator of the psychological state of US investors, and a negative premium clearly indicates that. In other words, there is a strong demand among US traders to sell Bitcoin at lower prices.

The price difference between Coinbase and global exchanges reflects regional differences in investor sentiment. If the negative premium situation persists, it could signal that a bearish trend in the US market may continue for a considerable period.

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