Bitcoin Coinbase Premium Index Sinks Below Zero Again — Impact On Price?
The price of BTC could be stuck in consolidation for longer than initially anticipated, as the latest on-chain data shows that the Bitcoin Coinbase Premium Index has dropped back beneath zero. What does this dwindling metric signal for the premier cryptocurrency? Is The Bitcoin Price At Risk Of Downward Movement? In a recent post on […]
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Data shows the Bitcoin Coinbase Premium Index has declined towards neutral values recently, implying buying pressure may be running out. Bitcoin Coinbase Premium Index Has Gone Down Recently An analyst in a CryptoQuant Quicktake post explained that the Coinbase Premium Index has been decreasing recently. The “Coinbase Premium Index” here refers to the percentage difference […]
Data shows the Ethereum Coinbase Premium Index has stayed inside the negative territory even as the price has climbed back above $2,100. Ethereum Coinbase Premium Index Is Red Right Now As pointed out by Arab Chain in a CryptoQuant Quicktake post, the Coinbase Premium Index has been in the red zone for Ethereum recently. This indicator keeps track of the percentage difference between the ETH price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin HODLers Quietly Add 332,000 BTC Amid Market Chaos Below is a chart that shows the trend in the Ethereum....
Data shows the Bitcoin Coinbase Premium Index has turned positive again, a sign that demand for buying BTC is back from the American investors. Bitcoin Makes Recovery As Coinbase Premium Index Turns Green As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Coinbase Premium Index has surged into the positive territory […]
Data shows the Bitcoin Coinbase Premium Index has plunged down recently, here’s what has happened in the past during instances of such a trend. Bitcoin Coinbase Premium Index Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the BTC volatility has usually increased in the past when the metric […]
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....