The Americans are taking the lead in the sell-off! Coinbase's negative premium is expanding, and this round of correction has 'people' in control.
Brothers, this set of data is crucial!
Coinglass shows that since March 19, Coinbase's Bitcoin negative premium has continued to expand. During the same period, BTC has fallen from $74,000 to the current $66,000.
What does this mean? This round of correction is dominated by American investors selling!
Let's break it down:
· Coinbase is the most used compliant exchange by Americans, and the premium/negative premium directly reflects the sentiment of American funds.
· Negative premium = Americans are selling, or there is insufficient buying pressure.
· Positive premium = Americans are buying, capital is entering.
The current situation is: the negative premium continues to expand, and the coin price is dropping. This indicates that the main force behind this sell-off is not Asian funds, but the Americans themselves are unloading.
Data evidence:
Since March 19, Coinbase's premium has dropped from around 0 to below -0.5%. During the same period, BTC has fallen from $74,000 to $66,000, with a drop of over 10%. In contrast, exchanges dominated by Asia, such as Binance, have relatively stable premiums.
This can only indicate one thing: American investors are seeking safety.
It could be a preemptive reaction to the Federal Reserve's interest rate decisions, or concerns about geopolitical situations. Regardless of the reason, it is a fact that Americans are selling.
Big Hui's operational advice:
· Pay attention to Coinbase's premium — if the negative premium narrows or even turns positive, it indicates that selling pressure is weakening, and you can gradually build a position.
· The 65,000-66,000 area — this is a dense area of chips since March and also the cost area for many whales, providing strong support.
· Don't rush to catch the bottom — wait for the premium signal to warm up before taking action, as the winning rate is higher.
· Be cautious with shorting — it has already dropped 10%, and the cost-effectiveness of chasing shorts is not high.
Big Hui reminds:
The Americans leading the sell-off does not mean a bear market has arrived. It may be a reallocation, a risk-averse move, or a washout. But one thing is certain: when American funds start to flow back, that is the real reversal signal.
Remember: don’t go against the trend, and don’t go against the Americans. It’s not too late to get on board when they start buying back.
Those who don’t know how to catch the timing can find Brother Hui, who provides real-time analysis 25 hours a day, offering the current best entry points. Daily insights and in-depth analysis are available.