Darkfost
ETH : Institutionals and whales are selling as the Coinbase Premium Index is highly negative
The negative ETH Coinbase Premium Index, now reaching -2, suggests that U.S. institutional investors or whales are selling ETH. This sentiment is further confirmed by the second chart, which reveals a mix of accumulation and heavy selling among whales and retail investors. In the short term, this negative index value signals a bearish outlook for ETH. However, for those looking at long-term positions, this dip could present a buying opportunity. Historically, periods of low sentiment often offer savvy investors the best entry points for potential future gains.