PiCK
"Coinbase premium remains negative…U.S. investors' selling pressure intensifies"
Summary
- It said that selling pressure from U.S. investors has clearly intensified.
- Coinbase Premium Gap has fallen to -57 dollars, indicating that a selling dominance centered on U.S. investors persists.
- It explained that the decline in the premium gap suggests that aggressive selling pressure has emerged among U.S. traders.
Analysis showed that selling pressure from U.S. investors has clearly expanded.
On the 19th, Maartunn, an analyst at CryptoQuant, an on-chain cryptoasset (cryptocurrency) analytics firm, said on X (formerly Twitter), "U.S. (Bitcoin) investors are strongly pressing the sell button."
According to Maartunn, the Coinbase Premium Gap, an indicator gauging U.S. investor flows, has currently fallen to -57 dollars. The Coinbase Premium refers to the difference between the Bitcoin price on U.S.-based exchange Coinbase and prices on global exchanges, and a negative zone is interpreted as a selling-dominant phase centered on U.S. investors.
He explained, "That the premium gap has declined to this level suggests that aggressive selling pressure has emerged among U.S. traders."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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