Bitcoin’s Coinbase Premium Index is now negative, indicating reduced U.S. Spot demand. The price risks a decline due to bearish MACD indicators, and traders remain cautious amid elevated Futures funding rates.
The cryptocurrency market’s equilibrium is threatened, with miner outflows decreasing while volatility remains high. Major liquidity zones at 112,000 USD and 116,000 USD are critical, as significant price movements could trigger forced liquidations.
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