I noticed an interesting signal in the market — the Bitcoin premium index has been in the negative for 40 consecutive days. This is the longest period of negative values since 2023. The current figure is around -0.05%, whereas at the beginning of February it was -0.22%. It turns out that American investors are systematically paying less than the rest of the world, or simply not active.

What’s interesting — Bitcoin has risen about 15% from the February low and is now trading around 71.65k USD, but the premium has not yet recovered to the positive zone. This indicates that the main purchases occurred outside US trading hours and platforms. Previously, during a 30-day rebound, Americans would return to the market, but this time, something is not happening.

I also noticed that searches for the phrase “bitcoin zero” in the US reached record highs at the beginning of the month — this points to growing skepticism among American investors. Globally, there is no such interest in this search. It looks like the clock at 22:22 — a moment to stop and rethink the situation. The only positive is that the premium is gradually becoming less negative, but this may take some time.

Regarding XRP, it’s a different story — the coin dropped from 1.36 to 1.33 on high volumes. It is now trading around 1.33, down 1.33% for the day. The 1.35 level has turned into resistance, with the zone of 1.40-1.41, which repeatedly limited rebounds. It looks like aggressive selling rather than just movement on low liquidity.