Here’s Why Bitcoin Could Rally Soon Despite the Negative Coinbase Premium: CryptoQuant

CryptoPotato · 2024-09-20T14:43:04.000Z

A key metric that indicates US investors’ interest in bitcoin turned negative on Friday. Experts, however, believe that this flip could positively affect BTC’s price. Coinbase Bitcoin Premium Records Negative Value According to a report by a CryptoQuant analyst, the Coinbase Premium recently recorded a significant negative value. The Coinbase Premium Index is an indicator that measures the percentage difference between the price of bitcoin on Coinbase Pro and Binance. Coinbase Pro is popular among crypto traders in the United States as well as several institutional investors while Binance, the largest crypto exchange by trading volume, caters to a more global audience. Thus, the index provides insight into the trading behaviors of users on both platforms. Historically, positive Coinbase Premium values typically suggest strong buying pressure from U.S. investors. On the other hand, a negative shift in the index indicates a decline in demand for bitcoin from U.S. investors. BTC Remains Stable as Buying Pressure on Binance Surges Per the data, despite waning demand from US investors, bitcoin’s price has remained stable, indicating “that there is strong buying pressure occurring on Binance.” The CryptoQuant analyst pointed out that bitcoin’s price could see a massive surge if demand for the digital assets increases across global markets. The present market movement hints that it might happen soon. “For Bitcoin’s price to see a significant increase, buying pressure needs to expand beyond the U.S., driven by FOMO (Fear of Missing Out) across global markets. This movement is quite positive,” the analyst said. Bitcoin has continued to rally following the US Fed interest rate cut on Wednesday. The leading cryptocurrency briefly crossed $64,000 earlier today for the first time since last month. The crypto asset has briefly retracted and is now trading at $62,800 at press time. If the upward trend continues, bitcoin could retest its all-time highs, and there are several bullish factors going its way. You can find more of this here. The post Here’s Why Bitcoin Could Rally Soon Despite the Negative Coinbase Premium: CryptoQuant appeared first on CryptoPotato.

Metrik utama yang menunjukkan minat investor AS terhadap bitcoin berubah negatif pada hari Jumat.
Namun, para ahli percaya bahwa perubahan ini dapat memberikan dampak positif pada harga BTC.
Coinbase Bitcoin Premium Catat Nilai Negatif
Menurut laporan analis CryptoQuant, Coinbase Premium baru-baru ini mencatat nilai negatif yang signifikan. Coinbase Premium Index adalah indikator yang mengukur perbedaan persentase antara harga bitcoin di Coinbase Pro dan Binance.
Coinbase Pro populer di kalangan pedagang kripto di Amerika Serikat serta beberapa investor institusional sementara Binance, bursa kripto terbesar berdasarkan volume perdagangan, melayani audiens yang lebih global. Dengan demikian, indeks ini memberikan wawasan tentang perilaku perdagangan pengguna di kedua platform.
Secara historis, nilai Coinbase Premium yang positif biasanya menunjukkan tekanan pembelian yang kuat dari investor AS. Di sisi lain, pergeseran negatif dalam indeks menunjukkan penurunan permintaan bitcoin dari investor AS.
BTC Tetap Stabil karena Tekanan Pembelian di Binance Meningkat
Berdasarkan data, meskipun permintaan dari investor AS menurun, harga bitcoin tetap stabil, yang menunjukkan “bahwa ada tekanan beli yang kuat terjadi di Binance.”
Analis CryptoQuant menunjukkan bahwa harga bitcoin dapat mengalami lonjakan besar jika permintaan aset digital meningkat di seluruh pasar global. Pergerakan pasar saat ini mengisyaratkan bahwa hal itu mungkin akan segera terjadi.
"Agar harga Bitcoin mengalami peningkatan yang signifikan, tekanan beli perlu meluas ke luar AS, didorong oleh FOMO (Fear of Missing Out) di seluruh pasar global. Pergerakan ini cukup positif," kata analis tersebut.
Bitcoin terus menguat menyusul pemangkasan suku bunga oleh The Fed AS pada hari Rabu. Mata uang kripto terkemuka ini sempat menembus $64.000 hari ini untuk pertama kalinya sejak bulan lalu.
Aset kripto tersebut sempat mengalami penurunan dan kini diperdagangkan pada harga $62.800 saat berita ini ditulis. Jika tren kenaikan ini berlanjut, bitcoin dapat menguji ulang titik tertingginya sepanjang masa, dan ada beberapa faktor positif yang mendukungnya. Anda dapat menemukan informasi selengkapnya di sini.
Postingan Inilah Alasan Mengapa Bitcoin Bisa Segera Melonjak Meskipun Premium Coinbase Negatif: CryptoQuant muncul pertama kali di CryptoPotato.

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