2026-01-07 12:26:30

The Bitcoin premium index of a leading compliant platform recently experienced a "roller coaster" ride — it finally turned positive the day before yesterday, only to fall back into negative territory shortly after. Behind this unpredictable number actually reflects the true sentiment of players in the US crypto market.

The rebound last weekend looked promising, as the index took 22 days to return to the positive zone. Many market watchers were quite excited at the time, thinking the US crypto scene might be warming up again. But within two days of optimism, the index turned downward and has now dropped to -0.0277%. It just goes to show, sometimes the market has no patience.

This premium index is essentially a sentiment thermometer. Its logic is simple: it compares the trading price of Bitcoin on this leading platform with the global market average. A positive number indicates a local premium, while a negative number means a discount locally. Once it turns negative, it’s basically confirmed that selling pressure in the US is increasing. This could be because retail investors are becoming more cautious and risk-averse, or simply because funds are quietly withdrawing.

From the data, this shift happened quite suddenly and sharply. The optimistic atmosphere that emerged the day before was quickly doused by market cold water within a couple of days. No wonder — the crypto market has been very volatile recently, and after some signs of recovery, retail investors are hesitant to jump in recklessly, fearing they might be the last to take the loss.

As an important reference window for US crypto trading, a leading platform’s sentiment often influences the entire market. Once selling pressure becomes active, retail investors tend to follow suit and withdraw. Although this rebound in selling pressure was modest, it has temporarily shifted many players’ expectations — the idea that the US market could stabilize is now sidelined, and everyone is shifting to a defensive stance.

Whether this premium index can climb back into positive territory has become a key signal that many market participants are watching closely. If it continues to hover in negative territory, it could further intensify market caution; if it rebounds into positive, it would give the market a much-needed boost.

BTC-0,64%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

ForkMaster

· 14h ago

I guess I have to wait for the big influencers from the pump-and-dump platforms to come out and hype it up, otherwise how could this broken index possibly turn around...

View OriginalReply0

GweiObserver

· 01-08 13:38

Here it comes again, this premium index is just a big emotional roller coaster. Retail investors don't dare to take this position; they're just waiting to see others jump in first. Why is there still a discount on the US side? Didn't they say it would warm up earlier? It feels like in the short term, everyone needs to hold back and wait for signals. When can the index stabilize again? It's so exhausting.

View OriginalReply0

FromMinerToFarmer

· 01-07 12:55

It's the same old trick again. After a one-day rebound, they pop champagne, and then they get slapped in the face. American retail investors are really exhausted and scared. Honestly, this index is less straightforward than just looking at the candlestick charts. Constantly watching these numbers go up and down only causes mental fatigue. The signals of capital withdrawal are so obvious, yet some people still shout about bottom-fishing every day? I think it's just a collective illusion among the retail investors. The premium indicator is just an emotional amplifier. When it's negative, everyone wants to run. This psychological game never ends. It only turns positive once every 22 days, then drops again. This lousy index can't save the US crypto scene at all. Just play defense; there's no other choice anyway.

View OriginalReply0

ProofOfNothing

· 01-07 12:54

With the premium index bouncing around like this, retail investors must be exhausted. The day before yesterday they still dared to dream, but today they should wake up.

View OriginalReply0

GateUser-6bc33122

· 01-07 12:45

Here we go again with the same routine. After a two-day rally, everyone starts imagining the US market warming up, but then they get slapped in the face instantly. So funny. --- The volatility of the premium index, honestly, is just retail investors constantly cutting losses. Nothing special. --- With such active selling pressure over in the US, I don't see any strong signals in the short term. --- No one wants to take the final step, and everyone is just watching. So who will buy then? --- If this index drops further, it might really trigger a bigger panic. --- It sounds like funds are quietly pulling out, and this signal isn't very good. --- Just the day before yesterday, it turned positive and then came back again. This market really has no temper, haha. --- A bunch of people are staring at this thermometer, scared to move, worried they'll become the bagholder. --- Once this defensive mindset forms, it’s hard to stop. Only a major event can turn it around.

View OriginalReply0

ProveMyZK

· 01-07 12:41

It dropped again, huh? This premium index is really a roller coaster. We were still celebrating the day before yesterday. People are like that—once there's a slight improvement, it's easy to become overly optimistic. A single correction can bring everything back to square one. Looking at retail investors' mentality, it's probably very difficult for the US market to have a decent rebound in the short term. As long as it's still in the negative, funds will continue to flow out. That's market psychology. I really hope it can rebound back to positive, or else this defensive stance will have to be maintained for a long time.

View OriginalReply0

MemeKingNFT

· 01-07 12:39

Another damn roller coaster, 22 days of hope shattered in two days. This is the US crypto scene. I've seen it all along, the premium index is just a sentiment barometer. Once it turns negative, you have to play defense. Retail investors are really timid. They finally dare to buy the dip, but then turn around and run. Typical retail mentality. Honestly, there's still no consensus on the bottom. Large funds are secretly withdrawing. On-chain data speaks volumes. Now it's about whether we can rebound back to positive, or else this cautious sentiment will continue to ferment.

View OriginalReply0

SerumSquirter

· 01-07 12:31

Here we go again, the premium index operation this time is really outstanding. When it's positive, it's positive; when it's negative, it's negative. The two-day optimistic atmosphere was immediately slapped in the face. Retail investors have now pulled back. Who dares to take the final step? This index is like a weather vane. Honestly, is the money over in the US pulling out?

View OriginalReply0