via Cointelegraph · By Cointelegraph Staff
Bitcoin Coinbase Premium Drop Hints At Critical Pivot For BTC
BTC/USDT
$10,496,106,588.53
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
+0.0039%
Longs pay
Bitcoin (BTC) demand on Coinbase points to early signs of market stabilization as BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite traders taking $1.14 billion in profits, which pushed the daily Coinbase premium to a six-week low.
Coinbase demand stabilizes amid negative…
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