Bitcoin's recent crash to around $60,000 exposed contrasting behaviors between Coinbase and Binance users, with Coinbase retail investors showing resilience and Binance users engaging in significant sell-offs. Despite Coinbase’s CEO highlighting strong retail holding, the Coinbase Premium Index remained negative, suggesting US spot demand was subdued relative to offshore markets. The sustainability of Bitcoin's recovery hinges on whether US-linked demand can overcome offshore selling pressures in the weeks ahead.
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[IMPORTANT] Bitcoin’s $60,000 Drop Reveals Divergent Retail Behaviors on Coinbase and Binance
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