🔥American investors are selling #Bitcoin aggressively
Currently, the Coinbase Premium Gap (the price difference on Coinbase) is at -57 USD.
What does this mean?
The price of Bitcoin on Coinbase (a popular exchange in the US) is 57 USD lower than on other exchanges.
When this index is negative (red on the chart), it indicates that American investors are selling more than buying.
The figure -57 USD shows that the selling pressure from the US market is quite strong.
Looking at the chart:
👉 Green area = American investors are buying a lot (Coinbase price is higher)
👉 Red area = American investors are selling a lot (Coinbase price is lower)
👉 Currently, the red area is quite deep, coinciding with the price of Bitcoin decreasing during this period!
BTC
88,333.78
+0.12%