[Analysis] "Virtual Asset Market, Trend Reversal with Recovery of U.S. Investor Sentiment"
Summary
- It was stated that the virtual asset market is attempting a full-fledged trend reversal centered on Bitcoin after April 21.
- It was reported that whale buying pressure is appearing on the Binance and Coinbase exchanges, capturing a positive market trend.
- It was analyzed that the Coinbase premium is stably maintained in the positive range, indicating that U.S. investors' buying demand is continuing.
An analysis has emerged that the virtual asset (cryptocurrency) market is attempting a full-fledged trend reversal after April 21.
On the 25th (local time), CryptoQuant author CryptoDan analyzed, "Since April 21, Bitcoin has been attempting a full-fledged trend reversal. Notably, whale buying pressure on the Binance exchange is first detected during each rebound phase, followed by buying pressure from U.S. Coinbase whales, indicating a gradually positive market trend."
He added, "The noteworthy point is that the Coinbase premium has been stably maintained in the positive (+) range recently. This is interpreted as a signal that U.S. investors' buying demand is continuing, and the adjustment pressure due to Bitcoin's upward trend is also limited."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
