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Coinbase Bitcoin Premium Hits Record 51-Day Negative Streak!
Crucial on-chain data just highlighted by The Wolf Of All Streets! The Coinbase Bitcoin Premium Index has officially hit a record-breaking 51-day negative streak.
For crypto traders, a negative Coinbase premium means institutional buying pressure in the US is fading, and whales on Coinbase are trading at a discount compared to global markets. Historically, such an extended negative streak signals institutional caution and short-term sell pressure for Bitcoin ($BTC).
Is US institutional demand drying up, or is this the ultimate bear trap before a massive reversal? What's your play for $BTC right now? Are you shorting this or buying the blood?
#Bitcoin #BTC #coinbasePerm #BinanceSquare #WriteToEarn
Crucial on-chain data just highlighted by The Wolf Of All Streets! The Coinbase Bitcoin Premium Index has officially hit a record-breaking 51-day negative streak.
For crypto traders, a negative Coinbase premium means institutional buying pressure in the US is fading, and whales on Coinbase are trading at a discount compared to global markets. Historically, such an extended negative streak signals institutional caution and short-term sell pressure for Bitcoin ($BTC).
Is US institutional demand drying up, or is this the ultimate bear trap before a massive reversal? What's your play for $BTC right now? Are you shorting this or buying the blood?
#Bitcoin #BTC #coinbasePerm #BinanceSquare #WriteToEarn
BTC+1.26%
COINUS+0.80%
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