Analyst: Coinbase Premium Index Negative for 40 Consecutive Days, and PCE Data Intensifies Risk Aversion

CoinFeed June 26 news, CryptoQuant analyst Darkfost stated that the Coinbase Premium Index has been in negative territory for 40 consecutive days since May 15, reflecting sustained selling pressure from professional and institutional investors that has recently intensified. Coinbase Advanced serves professional and institutional clients, while Binance is the primary platform for retail traders. The continuous downward pressure on prices from institutions fully reflects the current bearish sentiment surrounding Bitcoin. The U.S. May PCE rose 4.1% year-on-year, higher than the expected 4.0%, and core PCE rose 3.4%, higher than the expected 3.3%, both the highest since April 2023; GDP growth at 2.1% far exceeded expectations, making the Fed face a more difficult policy choice.