Markets· ★★★· neutral·

Bitcoin tops $80,000 on Binance as Coinbase Premium stays negative for 33 days

  • —BTC hit $80,086 on Binance, down 0.45% from an hour earlier
  • —Coinbase Premium negative for 33 days, latest reading -0.1259%
  • —24-hour liquidations: $118.7 million, $82 million of it longs
  • —Institutions moved $45.4 million in WLD and AAVE to exchanges over two days
Why it matters: A month-long negative Coinbase Premium points to soft US demand and keeps pressure on bitcoin.
Source: TokenPost