The Coinbase Premium Index for Bitcoin has been negative for 102 consecutive days, indicating weaker demand on the U.S.-based exchange compared to the global market. This persistent trend shows Bitcoin trading at a discount on Coinbase, historically signaling reduced U.S. spot demand. The situation reflects broader market dynamics affecting Bitcoin sentiment, which could influence related markets such as Ethereum. Current market pricing for Ethereum reaching $10,000 by December 31, 2026, reflects low expectations, with odds ranging between 1% and 4.5% across various sub-markets.
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