$BTC Coinbase Premium just flipped positive after 10 weeks of US sellers dominating the tape.
- Coinbase Premium Gap: +25.4 (current)
- Peak negative: -175 (Feb 2, price ~78K)
- Negative regime: Jan 1 -> Mar 7 - full drawdown from 95K to 65K
US spot demand was absent or net negative during the entire -30% correction.
Watch for a sustained run above zero before calling US buyers back.

You can also find my analysis on @cryptoquant_com
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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