The Coinbase Premium Index (CPI) experienced a significant decline after the U.S. stock market opened, possibly indicating a large outflow from spot Bitcoin exchange-traded funds (ETFs). The Coinbase premium is typically seen as a reflection of retail demand in the U.S., and a negative premium suggests strong selling pressure. Between February 10th and February 14th, a total of $651.83 million was withdrawn from spot Bitcoin ETFs. Currently, Bitcoin is trading at $94,239 after reaching an intraday low of $93,434.



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