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
ដូចដែលបានចង្អុលបង្ហាញដោយអ្នកវិភាគនៅក្នុងគ្រីបតូក្វាន់ ក្រោយ, the selling pressure from US investors seems to have reduced in recent days.
"Coinbase Premium Gap” 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.
ការអានដែលទាក់ទង | វត្តមានរបស់ Bitcoin Whale នៅលើឧបករណ៍និស្សន្ទវត្ថុនៅតែខ្ពស់ ភាពប្រែប្រួលកាន់តែច្រើននៅខាងមុខ?
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: គ្រីបតូក្វាន់
As you can see in the above graph, the Bitcoin Coinbase premium gap has been negative in the last couple of months.
អំឡុងពេល ការធ្លាក់ LUNA, 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.
ការអានដែលទាក់ទង | តើ Bitcoin ចូលចិត្តទិញ Google ដើមទេ? ពិនិត្យមើលការប្រៀបធៀបដ៏គួរឱ្យភ្ញាក់ផ្អើល
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.
តម្លៃ BTC
នៅពេលសរសេរ។ តម្លៃរបស់ Bitcoin អណ្តែតនៅជុំវិញ $21.2k កើនឡើង 11% ក្នុងរយៈពេលប្រាំពីរថ្ងៃចុងក្រោយ។ ក្នុងរយៈពេលមួយខែកន្លងមកនេះ គ្រីបតូបានបាត់បង់តម្លៃ 28%។
តារាងខាងក្រោមបង្ហាញពីនិន្នាការតម្លៃកាក់ក្នុងរយៈពេលប្រាំថ្ងៃចុងក្រោយនេះ។
មើលទៅតម្លៃនៃគ្រីបតូបាននឹងកើនឡើងក្នុងរយៈពេលប៉ុន្មានថ្ងៃចុងក្រោយនេះ | ប្រភព៖ BTCUSD ស្តីពី TradingView
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.
រូបភាពលេចធ្លោពី Unsplash.com, គំនូសតាងពី TradingView.com, CryptoQuant.com
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-coinbase-premium-gap-zero-selloff-ending/