In Bitcoin news today, BTC is flashing a warning signal that market participants rarely ignore. On-chain data shows selling pressure concentrating on Coinbase, an exchange closely associated with US institutional flows.
According to recent CryptoQuant data, the Coinbase Premium Index has fallen to its most negative level in months, signaling that Bitcoin changes hands at a discount on Coinbase relative to offshore exchanges. Notably, this pattern has historically been linked to net selling by US-based whales.
The timing sharpens the risk. Bitcoin has now slipped below its 365-day moving average for the first time since March 2022, a rare long-term technical break that previously marked the start of extended bearish phases. CryptoQuant noted that market demand remains weak, reinforcing concerns that current liquidity is skewed toward sellers rather than dip buyers.
Coinbase Premium Index Signals US-Led Selling
CryptoQuant CEO Ki Young Ju flagged the shift directly in an X post, stating that Bitcoin selling pressure is originating from Coinbase. He pointed to a sustained red zone in the Coinbase Premium Index, the metric that tracks price differences between Coinbase and Binance. When it turns decisively negative, it typically reflects aggressive selling by US participants, including funds and high-net-worth market users.
Bitcoin has already retraced sharply from recent highs, and the renewed Coinbase-led selling suggests that long-term holders or institutional allocators may be reducing exposure rather than rotating positions internally. “This is not just derivatives-driven volatility,” CryptoQuant analysts said, adding that spot market behavior is now reinforcing downside momentum.
Technical Breakdown Raises $60,000 Bitcoin Risk
Separately, CryptoQuant Head of Research Julio Moreno reported that Bitcoin could revisit the $60,000 level over the coming months if demand conditions fail to recover. His analysis cited weakening on-chain accumulation metrics and the loss of key moving averages as signals that the market is transitioning from consolidation into a deeper corrective phase.
While no single indicator determines price direction, the convergence of a negative Coinbase premium, fading spot demand, and a long-term technical breakdown is drawing close attention. Historically, sustained selling from Coinbase has preceded periods of muted recovery attempts, as US liquidity often plays a decisive role in trend confirmation.
Analysts are currently monitoring whether the Coinbase premium stabilizes, as further deterioration could indicate that institutional selling pressure is not yet exhausted.
Emerging Projects: Minotaurus (MTAUR) Market Performance
Amidst the Bitcoin volatility, some segments of the market are focusing on emerging ecosystems. Minotaurus (MTAUR) has gained attention during the recent market correction, showing a different momentum compared to major assets.
The token has moved from 0.000040 USDT to approximately 0.00012658 USDT, representing a technical increase of over 215%. Market participants are observing MTAUR as the broader altcoin market continues to seek stabilization.
Minotaurus (MTAUR) is a Binance Smart Chain-based token powering a blockchain-integrated gaming platform. Unlike speculative assets without a clear use case, Minotaurus focuses on functional gameplay and token-based mechanics. The token allows users to interact with in-game features, customize avatars, and access platform-specific incentives within its mobile gaming ecosystem.
Market Positioning and Utility
Minotaurus is positioning itself within the casual gaming niche, leveraging the low-cost infrastructure of the BNB Chain. Currently trading at 0.00012658 USDT, the project aims to integrate real-world utility with blockchain rewards. While the project is in its early stages, its community growth and focus on gaming mechanics have placed it under the radar of those looking for diversification during the current Bitcoin drawdown.
learn more at minotaurus.io.
The information presented in this article is for informational purposes only and should not be construed as investment advice. Crypto Economy is not affiliated with the project. The cryptocurrency market is highly volatile and can involve significant risks. We recommend that you conduct your own analysis.
