Coinbase Bitcoin Negative Premium Widens, Indicating US Investor Dominance in Current Correction

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As of March 28th, data from Coinglass indicates that the negative premium trend for Bitcoin on Coinbase has widened since March 19th. During the same period, Bitcoin has fallen from $74,000 to its current price of $66,000, demonstrating that this current correction is primarily driven by US investors.

BTC1.62%
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