Bitcoin's Upward Momentum Loses Steam as Key Metrics Turn Bearish
Bitcoin's recent price surge, which reached $79,400 on Sunday night, is now showing signs of exhaustion, with multiple indicators suggesting potential short-term weakness as the price drops back to around $77,000.
Notably, the Coinbase premium index has turned negative for the first time since April 8, according to data from Coinglass, indicating a shift in demand from US investors.
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