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Understanding Short-Term Price Changes: The Coinbase Premium Index
When trying to understand short-term price changes, it's important to keep an eye on relevant indicators. The Coinbase Premium Index is one such tool to consider during sudden price fluctuations. It's important to note that the Index is comprised of Binance's BTCUSDT pair. Currently, the Index has experienced a noticeable increase, and the latest data suggests that volatility may not be decreasing, but could increase in the future. The elevated premium value signals a strong buying demand among US investors compared to Binance's BTCUSDT pair. Detail: https://dataguide.cryptoquant.com/coinbase-premium