According to Odaily Odaily, CryptoQuant analyst Mignolet stated that the market has recently seen the strongest CPG (Coinbase Premium Gap) sell-off premium in recent times. He pointed out that since the Bitcoin ETF market was not open during this period, this selling pressure did not originate from the ETF itself, but rather from US whale addresses operating outside the ETF system.
Mignolet further stated that this type of CPG sell-off premium, led by US whales, is one of the traditional selling patterns that have appeared many times in the past.
