Delta Cap & Coinbase Premium Gap Dey Boost Bitcoin Strong
Bitcoin don drop 5% for di past two weeks but e still get strong on-chain structure, driven by two main metrics: Bitcoin Delta Cap and Coinbase Premium Gap. Delta Cap dey track di difference between Realized Cap and Average Cap, and e don always serve as correct value floor for long term. E dey trade near $739.4 billion now, if e climb pass that level—fit happen if e move go $120,000—that one mean say capital go start flow again and investors go get confidence. For di same time, Coinbase Premium Gap dey +11.6, show say US institutions dey demand die as Bitcoin dey sell higher for Coinbase than global exchanges. Positive premium times dey usually come before price gatz go up, meaning say di recent price fall fit be better chance to buy inside bigger uptrend. Some analysts dey warn say if e break below $108,600 or $105,000, Bitcoin fit fall reach $100,000. But Binance illiquid supply dey rise fit help push the price reach new all-time highs. For now, BTC dey trade for $109,289, up 0.9% for 24 hours.
Bullish
Bitcoin Delta Cap dey serve as one rising long-term valuation floor, plus strong +11.6 Coinbase Premium Gap dey show say capital dey flow well and institution demand strong. For history, when premium gap dey positive for long, e dey come before big bullish phases, meaning say this correction fit be chance to gather more Bitcoin. Even though risk dey if important support levels like $108,600 or $105,000 break, on-chain metrics show say trend dey strong for going up. For short term, traders fit use dips near Delta Cap for enter; for long term, if institutions keep dey accumulate, e fit push Bitcoin to new all-time highs.