After 62 days of steady buying, Bitcoin’s Coinbase Premium has flipped negative a sign U.S. spot demand may be cooling. Despite this, $BTC is holding strong above $115K, with larger buyers quietly absorbing the sell pressure.
Market makers are selling (taker ratio at 0.9), futures CVD is red, yet no breakdown this divergence hints at hidden strength. Leverage remains balanced, and indicators like NRPL and a low SOPR show no panic exits.
Macro sentiment? Favorable. Weak JOLTS report + rising consumer confidence = bullish undertone.
With tightening Bollinger Bands and RSI compression, Bitcoin is building pressure.
A big move is coming question is: which way?
