At the start of the year, something felt heavy in Bitcoin.
Price was moving…
but confidence was not.
When BTC moved above $60,000, the Coinbase Premium Gap dropped to around -$96.
That’s not just a number — that’s a signal.
It showed that professional investors were not chasing the move.
They were stepping back. Even selling.
At the same time, spot Bitcoin ETFs were seeing large outflows — around -$210M monthly.
So while retail was hoping…
institutions were cautious.
And markets feel that difference.
Now the Mood Is Slowly Changing
Today, those same metrics look very different.
The Coinbase Premium Gap has improved to around -$23.8.
Still negative — yes.
But no longer aggressive.
ETF outflows have also slowed sharply to around -$19M.
Think about that shift.
From heavy selling…
to almost neutral.
That’s not hype.
That’s stabilization.
Why This Is Important
Markets don’t bottom when everyone turns bullish.
They bottom when strong selling quietly disappears.
Right now, institutions are not strongly buying yet —
but they’re not dumping either.
And sometimes, that pause is the first step toward strength.
If these flows turn positive, it would mean confidence is returning.
And when big money regains confidence, structure improves.
This is not about predicting a breakout tomorrow.
It’s about understanding the emotional shift.
Earlier: pressure.
Now: balance.
And balance is where recoveries begin.
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