Coinbase premium don turn negative, dey warn say BTC fit correct
Analysts talk say Coinbase Premium don turn sharply negative for the first time since early April. Coinbase Premium dey compare BTC price for Coinbase with other exchanges and people use am as sign say US spot demand dey. The change to negative Coinbase Premium come as price action for late-April/early-May weak, when BTC drop near the high-$70k level. Even though BTC later bounce back and dey trade around $79,873 (according to the article), people dey turn bearish because the indicator no dey confirm the strength. Crypto Tice call the move a “dangerous divergence,” say BTC rallies wey no get support from Coinbase Premium often fail and fit come before big reversals. Traders fit watch whether Coinbase Premium remain negative while BTC dey face resistance near $78,000–$79,000. If Coinbase Premium quickly flip back positive, the bearish correction idea go weak; if e remain negative, chance of short-term pullback go rise.
Bearish
Di artikul dem agree say wan negative Coinbase Premium dey signal say US-led spot demand dey weak and fit cause selling pressure. Even though BTC don bounce pass $79,000, the later report still talk say the indicator no dey confirm am, and historically that one dey raise chance of short-term correction. The “dangerous divergence” framing mean say rallies wey no get supporting Coinbase Premium dey often fail, specially when price dey struggle around the $78,000–$79,000 resistance zone. Upside go only improve if Coinbase Premium quick return positive to reduce the divergence risk. Otherwise, traders suppose expect higher volatility and bigger chance of pullbacks short-term.