coin-img-ETHETH+0.08%coin-img-BTCBTC+0.47%coin-img-UCNUCN+0.14%coin-img-SOLSOL-0.38%coin-img-XRPXRP+1.53%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-0.04%coin-img-ADAADA-0.29%coin-img-ETHETH+0.08%coin-img-BTCBTC+0.47%coin-img-UCNUCN+0.14%coin-img-SOLSOL-0.38%coin-img-XRPXRP+1.53%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-0.04%coin-img-ADAADA-0.29%coin-img-ETHETH+0.08%coin-img-BTCBTC+0.47%coin-img-UCNUCN+0.14%coin-img-SOLSOL-0.38%coin-img-XRPXRP+1.53%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-0.04%coin-img-ADAADA-0.29%coin-img-ETHETH+0.08%coin-img-BTCBTC+0.47%coin-img-UCNUCN+0.14%coin-img-SOLSOL-0.38%coin-img-XRPXRP+1.53%coin-img-USDCUSDC-0.01%coin-img-TRXTRX-0.04%coin-img-ADAADA-0.29%
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Opeyemi Sule

Bitcoin Price Slides As Coinbase Premium Gap Drops To Negative $57, Signaling US Sell Pressure

Following a broad crypto market crash in early October, Bitcoin has continued to decline, breaking several support levels and trading around $88,260 with little daily movement. On-chain analyst Maartunn reports that the Coinbase Premium Gap has fallen to -$57, indicating that US-based traders are selling more aggressively than offshore markets. Historically, extended negative readings have sometimes preceded market bottoms, but a deeper decline without new demand could keep Bitcoin under pressure unless the premium turns back toward neutral or positive territory.
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