BlockBeats News, January 19th, CryptoQuant analyst Mignolet combined with the CPG (Coinbase Premium Gap) chart to indicate that the current market is experiencing the strongest sell-off premium in recent times.Due to Bitcoin's sharp drop this morning before the US ETF market opened, this selling pressure is coming from US whales (large investors) operating outside of the ETF.Note: CPG measures the price difference between Bitcoin on Coinbase (USD pair) and Binance (USDT pair), where a positive value indicates strong US buying pressure and a negative value reflects selling pressure from US investors.
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Insight: This Morning's Bitcoin Dip Pressure Came From US Non-ETF Whale
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