- Bitcoin’s Coinbase Premium Index has dipped into negative territory.
- The coin’s Awesome Oscillator suggests that while price momentum remains weak, the market is yet to be overrun by bearish sentiments.
Following a brief moment of interest between the 27th and 30th of January, US-based investors are pulling back from trading Bitcoin [BTC] on Coinbase.
The coin’s Coinbase Premium Index (CPI), which tracks the difference between its prices on Coinbase and Binance, has dipped back into negative territory, suggesting less trading activity on the US-based exchange.
According to data from CryptoQuant, due to the decline in BTC’s value, its CPI value was negative for most of January. Soon after the ETF approval on the 10th of January, BTC’s CPI turned negative and so remained till the 27th of January.
Between the 27th and 30th of January, the index briefly turned positive, signifying a potential increase in US investor…
