US Demand for BTC Weakening: Coinbase Premium Negative
BTC/USDT
$6,766,197,248.89
$79,199.48 / $78,040.00
Change: $1,159.48 (1.49%)
+0.0001%
Longs pay
Contents
US demand that ignited the April rally is showing signs of weakening. Bitcoin's Coinbase Premium indicator turned the difference between the price on Coinbase (COIN) platform and international exchanges negative this week; according to BTC detailed analysis data, this is happening for the first time since the beginning of April.
Meaning of Coinbase Premium Turning Negative
The indicator remained consistently positive between April 8-22 while BTC jumped from $66,000 to $78,000. After peaking on April 22, it began to decline. Since Coinbase is mostly preferred by US investors, the negative reading indicates that Americans are trading at prices below the global average. This shows that institutional buyers have slowed their buying pace; confirmed by CryptoQuant data.
Bitcoin Realized Loss Data Shows Selling Pressure
On-chain data confirms the selling pressure. Bitcoin Realized Loss 7-day total surged to $5.97 billion on April 24 while BTC was hovering around $78,000. This loss is recorded when coins are sold below their original purchase price; meaning the sellers entered at higher levels. CryptoQuant analyst Axel Adler Jr. states that this group positioned at the $80,000-95,000 range between late 2025 and early 2026 and saw the April jump as an exit opportunity. The indicator fell to $4.7 billion as of April 28; the seller crowd seems to be thinning.
Current BTC Technical Analysis and Price Status
BTC is currently trading at $78,689.20 (+0.74% 24h). RSI at 62.47 is in the neutral zone, trend sideways but Supertrend giving bearish signal. EMA 20: $76,078.66. Offshore exchanges and retail investors reflect this trend from different angles. Combining the two data sets reveals that US institutional buyers have cut back on buying, and sellers are clearing high-cost positions.
BTC Support and Resistance Levels Table
| Level | Price ($) | Score (/100) | Distance | Sources |
|---|---|---|---|---|
| S1 (Strong) | 71.926,08 | 68 ⭐ | -8,69% | Fibo 0.382, Value Area Low, SMA 100 |
| S2 (Strong) | 78.186,97 | 67 ⭐ | -0,75% | Ichimoku Senkou B |
| R1 (Very Strong) | 79.420,21 | 99 ⭐ | +0,82% | Fibo 0.618, Donchian Upper |
| R2 (Medium) | 84.542,84 | 54 | +7,32% | Fibo 0.78 |
These levels are critical for monitoring the melting of supply at the bottom. The decrease in realized loss could create a new equilibrium.
Impact of US Flows on Global BTC Dynamics
The slowdown in US flows could play a decisive role in global Bitcoin dynamics. Industry players expect realized loss to decrease further; this could signal a recovery in BTC futures volume. Offshore and retail investors can absorb the selling pressure.
Strategic Recommendations for BTC Investors
BTC is hovering around $76,000. Breaking R1 could trigger a rally, dropping below S2 would accelerate sales. Combine on-chain data with technical levels to position; buying opportunity may form as the seller crowd thins.