CryptoQuant: BTC Korea Premium Index is 3.53%, not reaching overheating level

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Cointime2024/02/21 00:06

By:Cointime

CryptoQuant analysts stated that the Bitcoin Coinbase Premium Index is positive, which is usually used to identify short-term overheating. The Korean Premium Index is currently at 3.53%, higher than last week's 1.5%, but has not yet reached overheating levels. Analysts believe that a positive Coinbase Premium Index indicates good sentiment among US investors, while a non-overheated Korean Premium Index indicates that BTC is ready for sideways fluctuations or further increases. The rise in the altcoin market may continue until the Korean Premium Index shows overheating (exceeding 5%).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

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Bitget-RWA•2025/09/12 06:14