Volatility remains the norm in the Bitcoin market, with aggressive price swings defining the past few days. On Monday, BTC dropped to $97K before surging to $106K yesterday. However, the price has since retraced and now consolidates around the $102K mark, keeping investors on edge about its next move. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst Top analyst Daan shared key insights from Coinglass, revealing that Bitcoin has mostly traded with a Coinbase discount over the past month, as indicated by the Coinbase premium index. This means that other spot exchanges are pricing BTC higher than Coinbase, signaling increased selling pressure from US investors. A Coinbase premium typically indicates strong demand from institutional and ETF buyers, reinforcing bullish sentiment. However, with the index currently flat, the US market seems indecisive. As Bitcoin consolidates below all-time highs, traders are closely watching whether it can reclaim key resistance levels or face another wave of selling pressure. If BTC breaks above $106K again, a test of the all-time high could follow. However, losing th ..
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