$BTC something feels different today.
Coinbase is starting to buy.
Haven't seen this signal in a while.
US spot is finally making moves.
The retracement is starting to gain some strength.
The most crucial change today isn't how much BTC's price has bounced, but that Coinbase (the US-compliant exchange) is starting to show buy pressure. The toughest part for the market previously was that the derivatives side kept trying to catch the bottom, but the Coinbase Premium wasn't fixing itself, and US spot funds were reluctant to truly enter the market.
Now that Coinbase is starting to buy, it means something different. This usually indicates that US dollar spot buys are flowing back in, especially with US funds and institutions beginning to react. In a weak market, it's not surprising for derivatives to get a pump; what's really important is whether spot is willing to step in.
That's why this signal is worth keeping an eye on. The bulls got wiped out pretty badly, the Funding Rate is starting to cool off, and short positions are piling up thicker. If Coinbase's spot buy pressure starts to recover now, the short's fuel up top might just get ignited.
We can't say BTC has completely reversed yet.
But at least the market is starting to change its flavor.
Haven't seen Coinbase actively buying BTC in a long time,
If this can sustain,
the shorts are going to start feeling the heat.🔥$ETH $BNB #伊朗袭击科威特国际机场
Coinbase is starting to buy.
Haven't seen this signal in a while.
US spot is finally making moves.
The retracement is starting to gain some strength.
The most crucial change today isn't how much BTC's price has bounced, but that Coinbase (the US-compliant exchange) is starting to show buy pressure. The toughest part for the market previously was that the derivatives side kept trying to catch the bottom, but the Coinbase Premium wasn't fixing itself, and US spot funds were reluctant to truly enter the market.
Now that Coinbase is starting to buy, it means something different. This usually indicates that US dollar spot buys are flowing back in, especially with US funds and institutions beginning to react. In a weak market, it's not surprising for derivatives to get a pump; what's really important is whether spot is willing to step in.
That's why this signal is worth keeping an eye on. The bulls got wiped out pretty badly, the Funding Rate is starting to cool off, and short positions are piling up thicker. If Coinbase's spot buy pressure starts to recover now, the short's fuel up top might just get ignited.
We can't say BTC has completely reversed yet.
But at least the market is starting to change its flavor.
Haven't seen Coinbase actively buying BTC in a long time,
If this can sustain,
the shorts are going to start feeling the heat.🔥$ETH $BNB #伊朗袭击科威特国际机场