Jiang Zhuo'er: Coinbase Negative Premium Widens, Bitcoin ETF Outflows Expected

On September 8, Jiang Zhuo'er stated that after Bitcoin just experienced a round of decline, he observed that the Coinbase premium turned negative and continued to widen, leading him to expect possible outflows from spot Bitcoin ETFs the following day.

He noted that ETF data is lagging, and trading based on such data is like "driving while looking in the rearview mirror." However, since ETF inflows and outflows significantly impact the market, the data still holds important reference value.

[TechFlow]