.png)
Coinbase Premium Skyrockets as Bitcoin Dips to $97,000: Reason
The post Coinbase Premium Skyrockets as Bitcoin Dips to $97,000: Reason appeared on BitcoinEthereumNews.com. Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin’s price fell as a bout of selling buffeted the crypto market, but an even more striking development occurred: the Coinbase Premium surged. CryptoQuant noted this divergence in a recent tweet, stating that “Bitcoin plummets, but Coinbase Premium surges.” Bitcoin Plummets, But Coinbase Premium Surges “Rebound suggests that when excessive panic selling occurs on Binance, which has a higher proportion of small investors, U.S. institutional investors are likely to adopt an aggressive buying strategy.” – By @MAC_D46035 Link ????… pic.twitter.com/eaXxRhemUp — CryptoQuant.com (@cryptoquant_com) December 10, 2024 The Coinbase Premium is a measure that represents the percentage difference between the Bitcoin prices on Coinbase Pro and Binance. A higher premium suggests increased buying demand from U.S. investors. Furthermore, Coinbase is one of the most popular spot exchanges among U.S. institutional investors. The Coinbase Premium has recently shown negative values, beginning yesterday, but has recovered dramatically following a significant price decrease. Notably, when the premium is in a negative area, the market tends to recover. Related This rebound implies that when panic-selling happens on Binance, which has a higher concentration of small investors, U.S. institutional investors are more likely to engage in aggressive buying behavior. Crypto market faces sell-off A slow bleed in crypto escalated on Tuesday, sending practically the entire sector significantly lower. Bitcoin (BTC) dropped to a…
The post Coinbase Premium Skyrockets as Bitcoin Dips to $97,000: Reason appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin’s price fell as a bout of selling buffeted the crypto market, but an even more striking development occurred: the Coinbase Premium surged. CryptoQuant noted this divergence in a recent tweet, stating that “Bitcoin plummets, but Coinbase Premium surges.” Bitcoin Plummets, But Coinbase Premium Surges “Rebound suggests that when excessive panic selling occurs on Binance, which has a higher proportion of small investors, U.S. institutional investors are likely to adopt an aggressive buying strategy.” – By @MAC_D46035 Link ????… pic.twitter.com/eaXxRhemUp — CryptoQuant.com (@cryptoquant_com) December 10, 2024 The Coinbase Premium is a measure that represents the percentage difference between the Bitcoin prices on Coinbase Pro and Binance. A higher premium suggests increased buying demand from U.S. investors. Furthermore, Coinbase is one of the most popular spot exchanges among U.S. institutional investors. The Coinbase Premium has recently shown negative values, beginning yesterday, but has recovered dramatically following a significant price decrease. Notably, when the premium is in a negative area, the market tends to recover. Related This rebound implies that when panic-selling happens on Binance, which has a higher concentration of small investors, U.S. institutional investors are more likely to engage in aggressive buying behavior. Crypto market faces sell-off A slow bleed in crypto escalated on Tuesday, sending practically the entire sector significantly lower. Bitcoin (BTC) dropped to a…
What's Your Reaction?
