India's Sensex index is expected to record its biggest one-day drop in two months.
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The Coinbase Bitcoin Premium Index has been in negative territory for 51 consecutive days, setting a new record for the longest consecutive negative trend.
According to Odaily data, the Coinbase Bitcoin Premium Index has been in negative premium territory for 51 consecutive days (from May 19th to present), with the latest value at -0.0923%. Previously, the index was in negative premium territory for 40 consecutive days from January 16th to February 24th this year, setting a record for the longest consecutive negative period since the index's inception, exceeding the approximately 30 consecutive days of negative premium during the "10/11 crash". Historical data shows that prolonged negative premiums often accompany the exit of US institutional funds, suggesting potential short-term downward pressure.
The Coinbase Bitcoin Premium Index has recorded a negative premium for 50 consecutive days, setting a new record for the longest streak in history.
PANews reported on July 8th that, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium territory for 50 consecutive days, setting a new record for the longest such streak, with the latest value at -0.0696%. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.
Data: Coinbase's Bitcoin premium index has been in negative territory for 50 consecutive days, setting a new record for the longest consecutive negative trend.
According to the latest data from Coinglass, the Coinbase Bitcoin Premium Index has been in negative premium territory for 50 consecutive days (from May 19th to present), with a latest value of -0.0742%. Previously, the index was in negative premium territory for 40 consecutive days from January 16th to February 24th this year, setting a record for the longest consecutive negative period since the index's inception, exceeding the approximately 30 consecutive days of negative premium during the "10/11 crash". Historical data shows that prolonged negative premiums often accompany the exit of US institutional funds, suggesting potential short-term downward pressure.
US stock indices diverged, with the Nasdaq 100 falling 1.5% while the Dow Jones Industrial Average rose nearly 0.5% at one point, hitting a record high.
According to Mars Finance, on July 7, based on BIT (bit.com) market data, US stock indices showed divergent trends, with the Nasdaq 100 index falling 1.5% and the Dow Jones Industrial Average rising nearly 0.5% to a record high.
At the opening of the US stock market, the Dow Jones Industrial Average rose 0.09%, while the Nasdaq Composite Index fell 0.6%.
According to Mars Finance, Gate.com data shows that at the opening of the US stock market, the Dow Jones Industrial Average rose 0.09%, the S&P 500 fell 0.22%, and the Nasdaq Composite fell 0.6%. Chip stocks continued their pullback, with SanDisk down 6.5%, Western Digital down 6.7%, and Micron Technology down 6.07%. SpaceX was officially included in the Nasdaq 100 index today, and its stock price fell 1.7%.
Bitcoin ETFs Just Had Their Biggest Day Since May—BlackRock Took 83% of It
U.S. spot Bitcoin ETFs pulled in $606 million Thursday, the biggest haul since May. And altcoin funds finally showed up too.