recent $BTC Falling prices are accompanied by an outflow of US capital to the market. As a result, Coinbase premiums fell to a one-month low. $BTC It fell to $63,000.
of $BTC Coinbase’s premium was erased, resulting in a net negative rate of -0.20. over time, $BTC Trading from Asian platforms was strong, followed by an increase in trading during US trading hours.
Additionally, most of the institutional flows come from US-based entities, most of which use Coinbase Prime Custody.
of $BTC Coinbase Premium turned into the red and saw selling from large US investors. |Source: Coinglass.
Due to recent price declines, $BTC It has fallen sharply from the $90,000 level, impacting the exposure of US investors. Coinbase prices have been delayed since mid-December, but minus premium It has fallen significantly with the recent drop to the $60,000 level.
Coinbase premium may be a sign of whale selling
Coinbase Premium is an indicator of buy or sell interest. The indicator remains in the green for several months during the bull market as U.S. optimism boosted prices. $BTC Larry.
The continued period of negative Coinbase premiums as high as $150 may indicate that large entities are attempting to sell in the US market.
If a sale is made through Coinbase Custody, the exact entity cannot be determined. However, historically, $BTC Coinbase is not bouncing without a significant premium. The peak of this negative factor was exactly on February 5th. $BTC It further erased recent gains and returned to 2021 local highs.
US premiums had already fallen briefly in December. Recent negative factors are at their lowest level since January 2025, indicating weakening sentiment. $BTC It traded on Binance for $64,962.23 and on Coinbase for $64,754.43.
teeth $BTC Oversold?
recent $BTC The decline was caused by the liquidation of long positions on hopes of a price recovery. Long liquidity is still available up to the $60,000 level, which could trigger further economic downturn.
Based on the Relative Strength Index (RSI), $BTC It is oversold as the indicator has dropped to 21.70 points. Since oversold conditions do not automatically trigger buying demand, the crypto fear and greed index has fallen to 5 points, near an all-time low.
Based on sales and liquidity, $BTC It may be near the bottom of the market. However, the state of this cycle raises serious concerns about the valuation of cryptocurrencies in general. $BTC Forced sales Surrender In both retail wallets and whale wallets.
The latest trading activity shows that trade in Europe and the US remains weak.
Returns were more subdued in the US and European sessions. $BTC It is currently driven by the Asian trading session. |Source: Sharpe.ai.
all the momentum $BTC Trading is driven by the Asian trading session. Due to the continued weakness in US trade, $BTC You only have one growth window per day, and your gains quickly disappear within the day.
Binance premium and very active Asian session are also indicators against Binance bankruptcy rumors. $BTC has simply lost its appeal in some of its busiest markets, and it could be some time before it is reassessed for a return.
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