📉 Red flag: Bitcoin trades at a discount on Coinbase 🇺🇸
🔦 Even after $BTC TC bounced to $78,000, the Coinbase Premium chart is still deeply negative. Bitcoin on Coinbase was priced about $100 below Binance and OKX 💵
📌 THE KEY POINTS
✅ The premium has been negative for weeks
✅ It hit a low near -210 in late October
✅ It has recovered to about -100, but it is still well below zero
✅ A negative reading often means weaker US demand or heavier selling in the US
🧭 WHY IT MATTERS
US markets are a big source of demand for Bitcoin, including funds and institutions. When that demand fades, rallies can struggle to last, which is why traders watch this gauge 👀
⚠️ BUT REMEMBER
The reading can be affected by differences between dollar and stablecoin prices, so one chart does not tell the whole story. Look at several indicators before drawing a conclusion 🔬
🙋 Do you think US demand will come back soon? Share below 👇
#Bitcoin #CoinbasePremium #BinanceSquare
🔦 Even after $BTC TC bounced to $78,000, the Coinbase Premium chart is still deeply negative. Bitcoin on Coinbase was priced about $100 below Binance and OKX 💵
📌 THE KEY POINTS
✅ The premium has been negative for weeks
✅ It hit a low near -210 in late October
✅ It has recovered to about -100, but it is still well below zero
✅ A negative reading often means weaker US demand or heavier selling in the US
🧭 WHY IT MATTERS
US markets are a big source of demand for Bitcoin, including funds and institutions. When that demand fades, rallies can struggle to last, which is why traders watch this gauge 👀
⚠️ BUT REMEMBER
The reading can be affected by differences between dollar and stablecoin prices, so one chart does not tell the whole story. Look at several indicators before drawing a conclusion 🔬
🙋 Do you think US demand will come back soon? Share below 👇
#Bitcoin #CoinbasePremium #BinanceSquare
