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The Coinbase Premium has stayed negative for five consecutive sessions, printing -0.0217% on Aug 30, -0.0236% on Aug 31, -0.0521% on Sep 1, and -0.0422% on both Sep 2 and Sep 3, while institutional-venue fills totaled 4,999.16 BTC as of 1:40 p.m. on the 3rd. A persistent negative premium means US spot is trading below offshore venues, signaling that dollar-based bid aggression, the same channel that drives ETF creations and desk accumulation, is weak rather than absent. Equity markets remain relatively calm, so the softness looks crypto-specific: a flip back to a positive premium alongside rising institutional fill volume is the confirmation needed before treating dips as accumulation, while a deeper discount would point to continued distribution pressure on BTC and reflexively on COIN and miner equities.
As a Crypto signal, watch whether it changes price action, volatility, or flows around BTC, COIN.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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