Coinbase Premium just flipped positive again — most people aren't watching this, but I am.
I've seen this setup before. Last time we had a sustained move above zero, $BTC pushed toward $85K before a 30%+ drawdown hit.
Right now, I'm treating this as a temporary spike. Watching for another distribution phase to develop.
If premium holds above zero while price keeps grinding higher, I'll toss this thesis. But until then, patience and process. This is about reading the cycle, not chasing the move.
Hold your spot. Watch the levels. Let the market show its hand.
I've seen this setup before. Last time we had a sustained move above zero, $BTC pushed toward $85K before a 30%+ drawdown hit.
Right now, I'm treating this as a temporary spike. Watching for another distribution phase to develop.
If premium holds above zero while price keeps grinding higher, I'll toss this thesis. But until then, patience and process. This is about reading the cycle, not chasing the move.
Hold your spot. Watch the levels. Let the market show its hand.
