Coinbase Premium Drops Briefly, Bitcoin Price Recovers

- Coinbase Premium briefly dropped to -100 points, but Bitcoin price quickly recovered.

- Over the past year, Bitcoin price has generally tended to recover when Coinbase Premium drops below -50.

- Bitcoin has been consolidating in a wide range for the past 8 months.

- When Coinbase Premium went negative, panic selling was to be expected, but it did not happen.

- This shows that someone is continuing to accumulate Bitcoin at low prices and the bull market is not over yet.