Hi guys,

I've found a metric that almost no one is using and it's called the Premium Index.
This metric calculates the difference between the Bitcoin contract price and a volume-weighted spot price.
Normally when the spot price is higher than the contract price it's bullish, and when lower bearish.

But there is another way to use this metric, and that is when there is a certain extreme in the charts.
It always appears whenever the price of Bitcoin creates a reversal.

It's explained here with a picture with price example: https://whaleportal.com/learn/premium-index/

Does anyone of you use this indicator already for your Bitcoin trading?