COINBASE PREMIUM BREAKS DOWN AS $BTC SELLERS TAKE CONTROL ⚠️
Coinglass data shows Coinbase’s Bitcoin negative premium has widened since March 19, signaling sustained selling pressure from U.S. participants. Bitcoin’s slide from $74,000 to $66,000 over the same window suggests this pullback is being driven by domestic demand weakness, not broad market panic.
Watch the $66K zone like a magnet. Let liquidity sweep first, then fade weak bounces. If U.S. flows stay red, whales will keep pressing into thin order books and every reclaim attempt gets sold. Stay patient and let the market prove strength before chasing.
This matters because Coinbase flow is one of the cleanest real-time reads on U.S. appetite. When that premium compresses and price bleeds with it, I treat it as a warning that buyers are not stepping in aggressively yet.
Not financial advice. Manage your risk.
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