Bitcoin Struggles Below $82K While Coinbase Premium Rises—What’s Next?

Quick Summary:

Related Reading: Bitcoin’s Future Comes Down To This One Question, Says Bitwise Bitcoin Coinbase Premium and Market Sentiment Despite Bitcoin’s downward trajectory, the Coinbase premium has been forming higher lows, indicating potential underlying demand.

Data shows that as Bitcoin dropped to $77,700, miners increased their BTC transfers to exchanges, a move that historically signals selling pressure at market lows.

Miner Selling Pressure and Market Implications Adding to the market pressure, CryptoQuant analyst IT Tech has noted a spike in BTC miner selling activity.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: BTCUSDT Crypto market Cryptocurrency Market News Bitcoin market Bitcoin analysis Btc Cryptoquant Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 05:00:44 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 86 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26911842

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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