Coinbase Bitcoin premium has been negative for 2+ months now.
There has been 1-2 days where premium turned positive, but each time, it marked the local top. Since 2023, this hasn't happened yet which is a clear sign that large players are still exiting. Once this stabilizes during price downtrend, it'll be a sign of bottom formation.
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Coinbase Bitcoin premium has been negative for 2+ months now.
There has been 1-2 days where premium turned positive, but each time, it marked the local top.
Since 2023, this hasn't happened yet which is a clear sign that large players are still exiting.
Once this stabilizes during price downtrend, it'll be a sign of bottom formation.