Quant Suggests Tesla’s Bitcoin Dump Behind Recent Red Coinbase Premium
A quant has suggested that the reason behind the recent negative Coinbase Premium could have been due to Tesla’s Bitcoin selling. Tesla Dumping 75% Of Its Bitcoin Holdings Might Be Behind Negative Coinbase Premium Gap As explained by an analyst in a CryptoQuant post, the news about Tesla selling off 75% of its BTC stash […]
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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 As pointed out by an analyst in a CryptoQuant post, the selling pressure from US investors seems to have reduced in recent days. The “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....
Data shows the Bitcoin Coinbase Premium Gap has plunged into the negative territory following BTC’s latest high above $98,000. Bitcoin Coinbase Premium Gap Has Just Observed A Plummet As explained by CryptoQuant community analyst Maartunn in a new Quicktake post, the recent positive Coinbase Premium Gap has just disappeared. The “Coinbase Premium Gap” here refers […]
A negative premium implies that accumulation will last a little longer, meaning that $50,000 as support may have to wait too. Bitcoin (BTC) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests.In a tweet on Feb. 16, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted the so-called "Coinbase premium" as one of the final hurdles for BTC/USD.Negative premium slows upward grindOn Tuesday, a clear battle was emerging within Bitcoin trading as $50,000 stayed de facto out of reach for bulls.Analyzing the....
Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the Coinbase premium gap is now above zero. The “Coinbase premium gap” is an indicator that measures the difference between the Bitcoin price on Coinbase Pro (USD pair) and the value on Binance (USDT pair). Since Coinbase is popularly used by US investors....
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 […]