Bitcoin Under Pressure as US Traders Turn Bearish
Bitcoin is showing signs of growing downside risk after US selling pressure intensified, pushing the Coinbase Premium Gap to a one-year low.
This metric suggests that US investors are selling more aggressively than global traders — a pattern that has historically preceded price corrections. Notably, this selling occurred during a US market holiday, indicating that pressure did not come from spot Bitcoin ETFs, but from direct market participants.
From a technical perspective, BTC is trading within a rising wedge formation, often considered a bearish setup during corrective rallies. A confirmed breakdown could expose price levels near $80,000, based on historical reactions.
Meanwhile, geopolitical tensions and broader macro uncertainty continue to weigh on risk assets, reinforcing cautious market sentiment.
🔎 As long as Bitcoin remains below key resistance levels, volatility and downside risk remain elevated.
