On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure may be drying up.
Bitcoin Coinbase Premium Gap Close To Zero, But Still Negative
Као што је истакао аналитичар у ЦриптоКуант-у пост, the selling pressure from US investors seems to have reduced in recent days.
"Цоинбасе Премиум Гап” is an indicator that measures the difference in the Bitcoin prices listed on crypto exchanges Coinbase (USD pair) and Binance (USDT pair).
The quant notes that US investors are known to use the Coinbase platform, especially high-net entities and institutions.
When the value of this metric is positive, it means the price on Coinbase is higher at the moment. Such a trend suggests there has been buying from US investors recently.
Релатед Реадинг | Присуство биткоин китова на дериватима и даље високо, предстоји још нестабилности?
On the other hand, a negative premium gap implies there has been some selling on the crypto exchange as the price is lesser than on Binance.
Now, here is a chart that shows the trend in the Bitcoin Coinbase premium gap over the year 2022 so far:
The value of the metric looks to be negative right now | Source: ЦриптоКуант
As you can see in the above graph, the Bitcoin Coinbase premium gap has been negative in the last couple of months.
Током ЛУНА црасх, it reached a highly red value of $131, which means there was some heavy selling from US investors then.
During the consolidation period that followed, as well as during the latest crash, the value of the indicator moved sideways around a negative $20.
Релатед Реадинг | Is Bitcoin Like Buying Google Early? Check Out The Shocking Comparison
Over the last few days, however, the trend seems to have changed and the premium gap is now observing some upwards movement.
While the indicator still has a negative value, it’s quite close to zero now as the gap between Coinbase and Binance stands at just -$5.
This shows that the selling pressure from US investors has been dying down recently, a sign that could prove to be bullish for the price of Bitcoin.
БТЦ цена
У време писања, Битцоин цена креће се око 21.2 хиљада долара, што је пораст од 11% у последњих седам дана. Током прошлог месеца, крипто је изгубио 28% на вредности.
Графикон испод приказује тренд цене новчића у последњих пет дана.
Изгледа да је вредност криптовалута порасла у последњих неколико дана | Извор: БТЦУСД на ТрадингВиев
Since the low below $18k, Bitcoin has been trying to gradually make some recovery. However, the crypto is currently finding it difficult to leave the $21k level.
Истакнута слика са сајта Унспласх.цом, графикони са странице ТрадингВиев.цом, ЦриптоКуант.цом
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-coinbase-premium-gap-zero-selloff-ending/