Bitcoin's widely tracked Coinbase Premium turns negative as realized losses spike to $6 billion
Burns Brief
spot demand has flipped red just as onchain data shows realized losses surging to $5 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
A metric tracking U.S. spot demand has flipped red just as onchain data shows realized losses surging to $5.97 billion.
Key Takeaways
- spot demand has flipped red just as onchain data shows realized losses surging to $5