Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?
— Investors, Zero, Ending, Value, Negative, Selloff, Crypto, Approaches, Premium, Gap, Coinbase, Price, Selling, Bitcoin — 1 min read
On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure from US investors may be drying up. Bitcoin’s price floats around $21.2k, up 11% in the last seven days. Over the past month, the crypto has lost 28% in value. Bitcoin has been trying to gradually make some recovery since the low below $18k, but the crypto is currently finding it difficult to leave the $21k level. The value of the metric looks to be negative right now, but it's quite close to zero now as the gap between Binance stands at just -$5. Source