The Coinbase Premium Index, which measures the price difference between Bitcoin on Coinbase and other exchanges, has disappeared as Bitcoin hovers around the $99,000 mark. The index disappearing suggests weak buying pressure from American investors, which has coincided with past Bitcoin price bottoms. The index was previously a key indicator in identifying the cryptocurrency's market bottom in July, and since then, Bitcoin's price has surged from under $60,000 to nearly $100,000.



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