XRP Premium FVG Could Pull Price Higher In The Short Term, But There’s A Problem
The XRP price has been caught in a wave of uncertainty since hitting its cycle peak above $3.5 back in 2025. The trend downward has been persistent, and now the price is already down by more than 50% from its 2025 highs. Even with this, it seems that the bears are not done with the […]
Related News
Coinbase Pro is a major bellwether for institutional demand. Now, data from CryptoQuant indicates that short-term selling pressure on Coinbase is mounting. Bitcoin’s (BTC) definitive breakout above $50,000 may have to wait longer to materialize as spot buying pressure on Coinbase Pro shows signs of weakening — at least, in the short term. The Coinbase Premium Index, which measures the gap between the BTC price on Coinbase Pro and Binance, has flipped negative, according to CryptoQuant. In other words, selling pressure on Coinbase appears to be strengthening compared with other exchanges....
The Coinbase premium has returned, but why is the price of Bitcoin still struggling to stay above $32,000? The price of Bitcoin (BTC) recovered in the past two days after dropping to as low as $28,850. Following the swift rebound, however, BTC has been unable to break past heavy resistance at $33,000 on Jan. 23, pulling back below $32,000 at the time of writing.BTC/USD 1-hour price chart (Coinbase). Source: TradingView.comCoinbase premium returning is bullish, but what now?Earlier, when the price of Bitcoin started to drop below $32,000, BTC traded much lower on Coinbase than on....
Last week we looked at price fragmentation across the different exchanges which currently comprise the CoinDesk Bitcoin Price Index: Mt. Gox, Bitstamp, and BTC-e. Analysis confirmed the common perception that significant, persistent price variations exist across exchanges. Furthermore, the average price on Mt. Gox was shown to be higher than Bitstamp and BTC-e by $21 and $34 respectively. This phenomenon has been referred to as the 'Mt. Gox Premium', which posits that restrictions on US dollar withdrawals have led to bitcoins trading at a higher price on Mt. Gox than the other exchanges.....
Last Week we concluded with the following: Last week we turned short term bullish, but thanks to the move being this strong, we are now turning bullish across all time frames. However, we acknowledge the fact that nothing moves up or down forever and are keeping an eye on a pull back to US$250 or perhaps even a bit lower. Because of the highflying action, it is not advisable to short this move even if prices do what we expect. As hard as it is to say, for those that missed this move up, chasing higher now is not a wise decision and neither is trying to guess the top of this news driven....
South Korea's Kimchi premium collapsed overnight, but it is likely not a sign of a short-term Bitcoin top. The so-called Kimchi premium, which measures the premium of the Bitcoin (BTC) price in South Korea's cryptocurrency exchange market, plummeted overnight.The premium declined from 22% to 15% within a matter of hours on April 7, and it is continuing to drop across major South Korean exchanges.BTC Korea Premium index. Source CryptoQuantA big pullback in South Korea's Bitcoin marketOvernight, as CryptoQuant CEO Ki Young Ju noted, the price of Bitcoin fell particularly hard on South Korean....