CryptoQuant analyst stated yesterday (24th) that there is currently a -0.221% negative premium for Bitcoin on Coinbase, suggesting that the buying demand from American investors has slightly decreased. The analyst believes this could be a buying opportunity. (Background: Bloomberg analyst: Bitcoin is just experiencing a normal pullback! Matrixport is optimistic that the bottom will be between 90,000 to 95,000, preparing for a rally in 2025) (Supplementary background: This Friday, the "largest scale ever" $14 billion Bitcoin options will expire, beware of market volatility) Bitcoin experienced a rapid rise last night, breaking through several resistance levels, peaking at around $99,480 at 2 AM today, suggesting that bulls may have regained upward momentum. Does the negative premium for Bitcoin on Coinbase indicate a rebound? This week, Western countries are approaching the most important holiday of the year, Christmas (December 25), leading some investors to worry about whether Bitcoin will continue to decline due to a lack of upward momentum. However, in this context, CryptoQuant analyst MAC_D reminded investors yesterday (24th) that there is currently a -0.221% negative premium for Bitcoin on the US-listed cryptocurrency exchange Coinbase, indicating that the buying demand from American investors has slightly decreased. Yet, he pointed out from historical data that this phenomenon will be temporary during a bull market and is usually a buying opportunity: The negative premium for Bitcoin on Coinbase has reached -0.221%, marking the fifth time it has reached this level since last May. The decline of this indicator suggests that the buying pressure from American investors has decreased compared to that of investors on Binance. Historically, however, this phenomenon will be temporary and will attract new buyers, which we can view as an opportunity. Although it is currently uncertain whether this pullback has reached the bottom, if the bull market is still ongoing, the bottom can form quickly and a rebound may occur. From the chart below, although there were two instances of price decline after the negative premium exceeded 0.2% since last May, generally speaking, a rebound occurred shortly after. For spot traders, this may be a worthwhile long-term indicator. QCP Capital: Altcoins may see a rebound Additionally, QCP Capital recently analyzed on its official Telegram channel that there will be approximately $20 billion worth of Bitcoin and Ethereum options expiring on Friday, which may bring a new wave of volatility to the market. If Bitcoin rebounds above $100,000 again, volatility may remain stable; however, if Bitcoin continues to struggle below $100,000, it may trigger a rebound in altcoins: A similar situation occurred a month ago when the Ethereum/Bitcoin exchange rate was rebounding from a support level of 0.032, driving volatility in altcoins. We are closely monitoring whether Bitcoin will continue to dip from the current level to confirm the direction of market funds and trends of other cryptocurrencies. Related reports: Robinhood CEO: Does not rule out the possibility of enabling Bitcoin reserves, company's stock price has become highly correlated with BTC Forbes 2025 bold prediction: G7 or BRICS countries will establish Bitcoin reserves, BTCFi will see significant growth, stablecoin market capitalization will double The truth about the DMM Bitcoin hack in Japan: North Korean hackers used social engineering to steal 4,502 Bitcoins Revealed: "Accurate bottom-fishing indicator? Coinbase's negative premium for Bitcoin just broke through 0.2%, BTC starts strong rebound" This article was first published on BlockTempo (the most influential blockchain news media).

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