👀 Looking at this chart of #Coinbase Premium Gap, we are witnessing an interesting story of #Bitcoin
The Coinbase Premium Gap has just turned negative, signaling noteworthy developments in the Bitcoin market. After several days of strong trading demand in the United States, the premium suddenly turned red as Bitcoin dropped below $86k yesterday!
This indicates increasing selling pressure in the U.S. market, with Bitcoin prices on Coinbase being lower than those on international exchanges.
This change reflects fluctuations in investor confidence, especially as major investors like Michael Saylor show signs of halting purchases at this time.