Bitcoin slides toward $63,000 as Coinbase premium stays negative for a record 60 days

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Bitcoin is continuing its bearish trend, dropping to the $63,000 level. Notably, the Coinbase Premium has remained negative for 60 consecutive days, signaling a disappearance of buying interest from U.S. institutional investors. This reflects market liquidity shortages and dampened investor sentiment, increasing the likelihood of heightened volatility in the near term.

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DYAX Investor Sentiment

Bullish (Long) 63% · Bearish (Short) 37%

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