What signals are hidden behind Bitcoin's sharp decline this morning?
According to a research report from an on-chain data analysis platform, the Coinbase Premium Gap (CPG) indicator shows that the market is currently experiencing the strongest selling pressure in recent times. Interestingly, this wave of selling coincides with the period before the US ETF market opens.
What does this imply? This selling pressure is not from ETF holders' operations, but from large US investors active in traditional trading channels — commonly known as whales. These giants have already started to act before the market opens.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
3
Repost
Share
Comment
0/400
FarmToRiches
· 01-19 12:54
Whales are starting to cause trouble again; these guys really act on a whim.
View OriginalReply0
BearMarketSurvivor
· 01-19 12:53
The whales are causing trouble again, and we have to take advantage of when we're sleeping.
View OriginalReply0
MoonlightGamer
· 01-19 12:47
Whales are harvesting again, these people are truly everywhere
What signals are hidden behind Bitcoin's sharp decline this morning?
According to a research report from an on-chain data analysis platform, the Coinbase Premium Gap (CPG) indicator shows that the market is currently experiencing the strongest selling pressure in recent times. Interestingly, this wave of selling coincides with the period before the US ETF market opens.
What does this imply? This selling pressure is not from ETF holders' operations, but from large US investors active in traditional trading channels — commonly known as whales. These giants have already started to act before the market opens.