Looking at the Coinbase premium gap, the movement of U.S whales, which had a selling trend, has recently become buy.
So far, it is only a rebound that slightly compensates for the decline, but the fact that Bitcoin rebounded on the weekend means that additional funds can be expected to flow into the Bitcoin spot ETF on weekdays, so the possibility of a further rebound is open.
Even from a psychological perspective, it appears to be a good period for Bitcoin to rebound, as market participants have already experienced fear and frustration due to a considerable period of adjustment.
Written by Crypto Dan
