Bitcoin Coinbase Premium Turns Negative as October Sell-Off Hits Market Sentiment

The crypto market has entered a cautious phase as the Bitcoin Coinbase Premium Index has turned negative, signaling a drop in buying pressure from U.S. institutions. This comes during a wider October sell-off, which has slowed the bullish momentum that previously pushed Bitcoin toward new yearly highs. The shift has sparked debate among traders, analysts, and long-term investors about whether Bitcoin is entering a temporary correction or whether a deeper trend reversal is forming.