Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative

Bitcoin’s Coinbase premium drops below zero, signaling a bearish sentiment and potential volatility amid CME gaps on both sides of the market.

Key takeaways:

Bitcoin’s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors.

Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading.

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Adam Owen

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