U.S. Traders Are Selling Into Stability
While Bitcoin’s price remains range-bound, the Coinbase Premium Gap has turned sharply negative, now near -$57. This indicates that U.S.-based traders are selling at a discount relative to offshore markets, even as the price avoids sharp declines.This behaviour suggests controlled distribution rather than panic. Selling is taking place during stable conditions, where liquidity allows for orderly exits. Importantly, price has not accelerated lower in response, which implies that demand is actively absorbing this supply.
For traders, this dynamic matters. When steady selling fails to push the price lower, it often marks a transition phase. The market either stabilises further or prepares for a directional move once participation increases.
Key Price Levels to Watch Through the Weekend
#Bitcoin (BTC) price is currently compressing between $86,000 and $89,500, which defines the immediate consolidation range. As long as the price holds above the $85,000–$86,000 support zone, the structure remains intact and signals absorption of U.S. selling pressure.
A sustained hold above $89,500 would open the door for a retest of the $92,000–$94,000 resistance area, which marks prior supply and the breakdown region. That zone is likely to attract sellers again.
On the downside, a clean loss of $85,000 would weaken the current setup and expose the $81,500–$83,000 demand zone, where buyers previously stepped in aggressively.
