{"id":25421,"date":"2025-05-06T15:17:10","date_gmt":"2025-05-06T15:17:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25421"},"modified":"2025-05-06T15:17:10","modified_gmt":"2025-05-06T15:17:10","slug":"bitcoins-100k-stumble-coincides-with-us-whales-pulling-back-analyst-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25421","title":{"rendered":"Bitcoin\u2019s $100K Stumble Coincides With US Whales Pulling Back, Analyst Says"},"content":{"rendered":"
\n

Bitcoin\u2019s latest bout of price weakness may have less to do with macroeconomic jitters and more with American whales quietly stepping off the gas.<\/p>\n

The telltale sign is a drop in the Coinbase Premium, an often overlooked indicator of U.S. investor sentiment, which now appears to signal growing selling pressure from investors based in the country.<\/p>\n

US Whales Quietly Selling<\/h2>\n

In his latest take<\/a>, CryptoQuant analyst AbramChart noted that the Coinbase Premium gap, which measures the price difference between Bitcoin on Coinbase and other global exchanges, has plunged to -5.07, its lowest level in weeks. It means that BTC is currently trading at a noticeable discount on the American crypto exchange compared to its counterparts around the world.<\/p>\n

According to the expert, this metric, often used as a proxy for the behavior of institutional and high-net-worth traders in the United States, suggests that domestic whales could be offloading their holdings.<\/p>\n

The timing is hard to ignore, given the drop came just as Bitcoin lost steam<\/a> near the psychologically significant $100,000 level. Initially, during BTC\u2019s strong recovery in April, the premium surged alongside the flagship cryptocurrency\u2019s rally toward $98,000, peaking around mid-month before reversing course and dipping into negative territory even as Bitcoin\u2019s price corrected.<\/p>\n

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\u201cOver the past month, the premium recovered significantly but is now dropping again \u2014 aligning with the recent BTC price correction,\u201d wrote AbramChart.<\/p>\n<\/blockquote>\n

The analyst further stated that a negative premium reflects bearish sentiment among U.S. traders, while a persistent unfavorable gap means short-term downside risk could increase, signaling caution for investors.<\/p>\n

Market Movements<\/h2>\n

Bitcoin is now changing hands at about $94,294, marking a negligible 0.4% drop in the last 24 hours. It follows a choppy few days for the asset, which, after staging a rally that pushed it as high as $98,000 last Friday, saw its momentum fade<\/a> over the weekend.<\/p>\n

In the last 48 hours, it has bounced at least twice off its critical $93,000 support level but has struggled to reclaim $95,000.<\/p>\n

The current price means BTC has dipped slightly by 0.9% over the past week, closely mirroring the broader crypto market, which has contracted by the same percentage in that period.<\/p>\n

However, on a monthly scale, the crypto asset remains in positive territory, boasting a 13.6% gain across 30 days and 44.7% in the last 12 months.<\/p>\n

The post Bitcoin\u2019s $100K Stumble Coincides With US Whales Pulling Back, Analyst Says<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s latest bout of price weakness may have less to do with macroeconomic jitters and more with American whales quietly stepping off the gas. The telltale sign is a drop in the Coinbase Premium, an often overlooked indicator of U.S. investor sentiment, which now appears to signal growing selling pressure from investors based in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25421","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25421"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25421\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}