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TheBuzzingBee

🌟✨️💢 BITCOIN Premium Index CBPI has been steadily dropping since Bitcoin topped out at 76k.



This pattern is very similar to the last time BTC rejected at 76k on March 16th. Coincidentally, the same day after MicroStrategy / Saylor bought.

Doesn't look like Bitcoin is ready to breakout just yet.
$BTC ‌
BTC-0.33%
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OrangePeelRadio
· 04-18 07:59
Premium Index indicates that spot premiums are contracting? Funds are a bit cautious, and in the short term, it looks more like a range-bound fluctuation rather than a direct breakout.
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RektRecoveryCoach
· 04-18 03:44
76k, this position feels like it's following a familiar script again, with a rise being rejected and emotions cooling down.
View OriginalReply0
TheStoneBehindTheVolcano
· 04-17 22:52
The story of Saylor getting attacked right after buying is too classic; the market really loves to go against the trend.
View OriginalReply0
GateUser-470bc925
· 04-15 18:34
Let's consider 76k as a resistance level for now; don't rush if it can't break through.
View OriginalReply0
RugpullTaster
· 04-15 18:31
It feels more like waiting for macro/ETF inflows to give a signal—otherwise, just keep range-trading back and forth, clear the leverage first, and then we’ll talk.
View OriginalReply0
午休看TVL
· 04-15 18:08
CBPI has been steadily declining and doesn't seem to be taking off anytime soon.
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ShellsLeftBehindByTheReceding
· 04-15 18:07
CBPI decline may also be caused by arbitrage trading, not necessarily a pure bear market, but at least it doesn't support an immediate new high.
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GateUser-99725296
· 04-15 18:07
If it's similar to the March 16th event, it might take some more time to refine, waiting for trading volume and funding rate to coordinate together.
View OriginalReply0
BetaTestHuman
· 04-15 18:07
Agreed, without seeing a clear premium rebound, the risk of chasing higher is a bit high.
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