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"Coinbase, Bitcoin Spot Buying Pressure Still Maintained"

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Summary

It was reported that Coinbase's Bitcoin spot buying pressure is continuing.
It was stated that Binance's Bitcoin spot selling pressure might end soon.
It was further explained that maintaining a high price at a low funding rate is a positive signal.

An analysis has emerged that the Bitcoin (BTC) spot buying pressure on Coinbase is still being maintained.

On the 4th (local time), Anıl, a virtual asset analyst, stated on X, "Coinbase Bitcoin spot is continuing to maintain a buying position," and added, "I think the Binance Bitcoin spot selling pressure will also disappear soon." He further explained, "The funding rate is also maintaining a low level," and "maintaining a high price at a low funding rate is a good signal."

BTC