BTC is slowly seeing the Coinbase premium revert, and the funding rate has begun to turn negative.
The selling pressure in the spot market has significantly eased compared to two weeks ago. Clearly, there is still a need for actual buy orders to drive the price up, but this is a good start. The selling pressure we saw before was just too crazy, and no buy orders could withstand it.
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BTC is slowly seeing the Coinbase premium revert, and the funding rate has begun to turn negative.
The selling pressure in the spot market has significantly eased compared to two weeks ago.
Clearly, there is still a need for actual buy orders to drive the price up, but this is a good start. The selling pressure we saw before was just too crazy, and no buy orders could withstand it.