The Coinbase Premium Index has recently plummeted to its lowest in a year, stirring conversations around its potential effects on Bitcoin (BTC). This development could be indicative of weak institutional demand for Bitcoin, as suggested by a CryptoQuant analyst identified as Burakkesmeci.
Experts point out that such a decline in the Coinbase Premium Index might reflect a broader sense of caution among US investors regarding Bitcoin. With institutional interest seeming to wane, the direction of Bitcoin's price could face challenges.
Sumber: www.thecoinrepublic.com ↗
