Bitcoin base premium hits lowest price of the year… “US individual investors’ investment sentiment shrinks”

Recently, the investment sentiment of American individual investors in virtual assets seems to have shrunk. Cryptoquant cited the analysis of virtual asset analyst Black Kesmet, saying, "In the last two
On the 5th (local time), the Bitcoin Base Premium (Coinbase-Binance price difference) was -0.2, hitting an annual low."
This means that there is little demand for Bitcoin investment in the US virtual asset exchange Coinbase. In relation to this, analyst Kesmet said, "The yen carry trade (low interest rate) that occurred last August
"This is a lower figure than the premium at the time of liquidation (-0.13)," he said. "However, on the same day,
More than $400 million (approximately 61.3 billion yen) flowed into ETFs, the largest amount of inflows in a week. "Given this data, it is clear that individual investors in the U.S. are watching the presidential election with a renewed sense of purpose," the report said.
"While investors have been selling in preparation for uncertainty, spot ETF investors are still expecting bullishness," he said. "If the Coinbase premium settles above its 14-day moving average of -0.05, the U.S.
"This can be seen as domestic individual investors once again turning to net purchases," he added.