🚨 Who exactly is selling Bitcoin right now? There’s one important indicator to watch for a reversal—and when it might happen.
After October 7, the Coinbase premium fell noticeably. By around the 12th, it had dropped to a near-monthly low, as shown in the chart.
Put simply, the same Bitcoin was selling for less on Coinbase than on Binance. And this wasn’t just a brief dip—it remained at a discount for several days in a row.
That points to heavier selling pressure, or less active buying, on Coinbase. If we treat it as a window into U.S. capital flows, what we’re seeing is clearly not a buying frenzy.
It’s easy to talk bullish, but what matters is whether people are willing to put real money on the line.
Even if prices rebound from here, watch this signal: as Bitcoin moves higher, does the Coinbase premium rise along with it?
If the price goes up but this line stays near its lows, don’t rush to buy the story that “U.S. money is back and aggressively accumulating.” Let’s wait for the discount to keep narrowing and spot buying to pick up before turning bullish again.
After October 7, the Coinbase premium fell noticeably. By around the 12th, it had dropped to a near-monthly low, as shown in the chart.
Put simply, the same Bitcoin was selling for less on Coinbase than on Binance. And this wasn’t just a brief dip—it remained at a discount for several days in a row.
That points to heavier selling pressure, or less active buying, on Coinbase. If we treat it as a window into U.S. capital flows, what we’re seeing is clearly not a buying frenzy.
It’s easy to talk bullish, but what matters is whether people are willing to put real money on the line.
Even if prices rebound from here, watch this signal: as Bitcoin moves higher, does the Coinbase premium rise along with it?
If the price goes up but this line stays near its lows, don’t rush to buy the story that “U.S. money is back and aggressively accumulating.” Let’s wait for the discount to keep narrowing and spot buying to pick up before turning bullish again.