2 giờ trước
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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BTC
BTC+0.28%
2 giờ trước
11-22
Bitcoin ETF Investors Face First Major Test at $79,300 Average Cost Basis
Bitcoin exchange-traded fund holders may face their first significant pressure test as the cryptocurrency trades near key support levels. Data shows the average purchase price for U.S.-based ETF investors sits around $79,300, with the asset currently trading at approximately $84,500 after declining over 11% in the past week. Analysts warn that a breach below this cost basis could trigger panic selling among retail participants who have not experienced previous Bitcoin market cycles.
BTC
BTC+0.28%
11-22