glassnode: US BTC demand turns quiet, Coinbase Premium Index has remained negative since September high

Odaily: glassnode stated that demand for Bitcoin in the US market has clearly turned quiet. Throughout the entire correction since Bitcoin's September high, the Coinbase Premium Index has consistently remained in negative territory, with its 30-day moving average falling to the lowest level since February of this year. Glassnode noted that both the 2024 and 2025 Bitcoin rallies were accompanied by positive premiums, but several previous rallies also started from the current level of deeply negative premiums.