Bitcoin had earlier shown a sharp rally toward the $49,000 mark, but the asset was quick to retrace the entire surge as the Coinbase Premium turned negative.
Bitcoin Coinbase Premium Gap Plunged Into Negative During Past Day
ដូចដែលបានចង្អុលបង្ហាញដោយអ្នកគ្រប់គ្រងសហគមន៍ CryptoQuant Netherlands Maartunn នៅក្នុង a ក្រោយ នៅលើ X, Coinbase Premium Gap ឥឡូវនេះបានប្រែទៅជាអវិជ្ជមានគួរឱ្យកត់សម្គាល់បន្ទាប់ពីមានភាពវិជ្ជមានភាគច្រើនសម្រាប់ប៉ុន្មានថ្ងៃចុងក្រោយនេះ។
The “Coinbase Premium Gap” refers to the difference between the Bitcoin prices listed on the cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair).
តម្លៃនៃសូចនាករនេះជាមូលដ្ឋានផ្តល់នូវតម្រុយអំពីរបៀបដែលឥរិយាបថទិញ ឬលក់នៅលើវេទិកាដ៏ធំបំផុតទាំងពីរនេះនៅក្នុងវិស័យនេះខុសគ្នាពីគ្នាទៅវិញទៅមកនៅពេលនេះ។
When the metric has a positive value, it means that the price listed on Coinbase is higher than on Binance currently. Such a trend implies the former platform’s users are participating in a higher amount of buying (or lower amount of selling) than the Binance users.
On the other hand, the indicator being positive suggests that Binance might be observing a higher degree of buying pressure at the moment as the price listed on the exchange is greater.
Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap since the start of the year:
Looks like the value of the metric has taken a plunge during the past day | Source: @JA_Maartunn on X
As displayed in the above graph, the Bitcoin Coinbase Premium Gap has observed a sharp plunge down into the negative territory during the past day or so. Before this plummet, the indicator had been mostly at positive values since the start of the year.
មានការធ្លាក់ចុះមួយចំនួននៅក្នុងតំបន់ក្រហមមុននេះផងដែរ ប៉ុន្តែសូចនាករនេះទទួលបានតែតម្លៃអវិជ្ជមានតិចតួចប៉ុណ្ណោះក្នុងអំឡុងពេលការធ្លាក់ចុះទាំងនេះ។ លើកនេះ បុព្វលាភបានធ្លាក់ចុះដល់កម្រិតអវិជ្ជមានយ៉ាងខ្លាំង។
The price surges this year were being driven by the buyers on Coinbase, as the price rose every time the premium did as well. Coinbase is popularly known to be used by US institutional investors, so the green premium suggested that these large entities were buying, most likely in anticipation of the ETFs, which finally gained approval on January 10th.
A while after this approval, BTC went on to sharply rally toward the $49,000 level, but the asset’s run was very short-lived as its price plummeted hard back towards the price prior to the move, thus erasing all the gains.
គម្លាតពិសេសរបស់ Coinbase មានភាពវិជ្ជមានគួរឱ្យកត់សម្គាល់ជាមួយនឹងការកើនឡើង ប៉ុន្តែសូចនាករនេះបានបង្ហាញពីការធ្លាក់ចូលទៅក្នុងទឹកដីអវិជ្ជមាន រួមជាមួយការដកថយរហ័សនេះ។ វានឹងបង្ហាញថាពាណិជ្ជករតាមស្ថាប័នអាមេរិកមួយចំនួនប្រហែលជាបានប្រើឱកាសដើម្បីប្រមូលផលចំណេញរបស់ពួកគេ។
តម្លៃ BTC
Bitcoin has been moving sideways since the quick rally and drawdown, as its price is still floating around the $45,800 level.
The price of the coin seems to have shown an overall trend of consolidation recently | Source: BTCUSD on TradingView
រូបភាពពិសេសពី Shutterstock.com, គំនូសតាងពី TradingView.com, CryptoQuant.com
ការបដិសេធ៖ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងអប់រំតែប៉ុណ្ណោះ។ វាមិនតំណាងឱ្យគំនិតរបស់ NewsBTC លើថាតើត្រូវទិញ លក់ ឬរក្សាការវិនិយោគណាមួយឡើយ ហើយការវិនិយោគដោយធម្មជាតិមានហានិភ័យ។ អ្នកត្រូវបានណែនាំឱ្យធ្វើការស្រាវជ្រាវដោយខ្លួនឯងមុនពេលធ្វើការសម្រេចចិត្តការវិនិយោគណាមួយ។ ប្រើព័ត៌មានដែលបានផ្តល់នៅលើគេហទំព័រនេះទាំងស្រុងដោយហានិភ័យផ្ទាល់ខ្លួនរបស់អ្នក។
Source: https://www.newsbtc.com/bitcoin-news/bitcoin-erases-49000-etf-rally-coinbase-selling/