{"id":524446,"date":"2023-03-24T19:00:29","date_gmt":"2023-03-24T19:00:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524446"},"modified":"2024-06-11T14:34:36","modified_gmt":"2024-06-11T14:34:36","slug":"bitcoin-coinbase-premium-buying-ending","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/","title":{"rendered":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?"},"content":{"rendered":"

Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.<\/p>\n

Bitcoin Coinbase Premium Index Has Gone Down In Recent Days<\/h2>\n

An analyst in a CryptoQuant post<\/a> pointed out that\u00a0the market may be shifting towards a more balanced sentiment now. The “Coinbase Premium Index<\/a>” is an indicator that measures the percentage difference between the price of Bitcoin listed on the cryptocurrency exchange Coinbase and that listed on Binance.<\/p>\n

Usually, Coinbase receives traffic based heavily in the US, while Binance has a more global audience. This metric’s value can provide insight into which demographics buy or sell more of the asset.<\/p>\n

When the indicator’s value is positive, the price listed on Coinbase is currently greater than that on Binance. Such a trend suggests that American investors may provide more buying pressure (or at least a lower amount of selling pressure) to BTC than global users.<\/p>\n

On the other hand, negative values of the metric imply BTC is selling at a discount on Coinbase right now, suggesting a relatively higher amount of selling pressure from the US-based investors.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Index over the last few months:<\/p>\n

\"Coinbase<\/p>\n

The value of the metric seems to have been declining in recent days | Source: CryptoQuant<\/a><\/pre>\n
As displayed in the above graph, the Bitcoin Coinbase Premium Index had surged to some pretty high values earlier in the month when the asset’s price had plunged below the $20,000 mark.<\/p>\n
Related Reading: Ethereum Bullish Signal: $560M In ETH Exits Exchanges<\/a><\/div>\n
This would suggest that a hefty amount of buying was taking place from the US-based investors at those lows. The indicator stayed at these super-high values until the price sharply increased.<\/p>\n
The timing of this can imply that the buying pressure from these holders provided the fuel for the price to bottom and for the rally to restart<\/a>. After the price rapidly increased, the metric’s value began to drop, meaning that buying was starting to slow down, or just some fresh selling had started.<\/p>\n
The Bitcoin Coinbase Premium Index remained at relatively high positive levels, so the price could continue its upward trajectory. However, the metric has observed a further drop in the last week.<\/p>\n
Related Reading: Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price<\/a><\/div>\n
The chart shows that the indicator is still positive, but its magnitude is much lower. “Interestingly, the current buying pressure is decreasing, which may signify a shift in sentiment toward a more balanced market,” explains the quant.<\/p>\n
The analyst has also attached the chart for another indicator, the Korea Premium Index<\/a>, which measures the difference in the prices listed on South Korean exchanges and those on foreign ones.<\/p>\n
\"Bitcoin<\/p>\n
Looks like the metric has a positive value | Source: CryptoQuant<\/a><\/pre>\n
This indicator has also been positive through most of the rally, suggesting Korean investors have been busy buying. Even now, while the Coinbase Premium Index has fallen off, this metric hasn’t seen any decline as significant yet.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $27,900, up 7% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC hasn't moved much in the last few days | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors. Bitcoin Coinbase Premium Index Has Gone Down In Recent Days An analyst in a CryptoQuant post pointed out that\u00a0the market may be shifting towards a more balanced sentiment now. The “Coinbase Premium Index” is an indicator that measures the percentage difference between the price of Bitcoin listed on the cryptocurrency exchange Coinbase and that listed on Binance. Usually, Coinbase receives traffic based heavily in the US, while Binance has a more global audience. This metric’s value can provide insight into which demographics buy or sell more of the asset. When the indicator’s value is positive, the price listed on Coinbase is currently greater than that on Binance. Such a trend suggests that American investors may provide more buying pressure (or at least a lower amount of selling pressure) to BTC than global users. On the other hand, negative values of the metric imply BTC is selling at a discount on Coinbase right now, suggesting a relatively higher amount of selling pressure from the US-based investors. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Index over the last few months: The value of the metric seems to have been declining in recent days | Source: CryptoQuant As displayed in the above graph, the Bitcoin Coinbase Premium Index had surged to some pretty high values earlier in the month when the asset’s price had plunged below the $20,000 mark. Related Reading: Ethereum Bullish Signal: $560M In ETH Exits Exchanges This would suggest that a hefty amount of buying was taking place from the US-based investors at those lows. The indicator stayed at these super-high values until the price sharply increased. The timing of this can imply that the buying pressure from these holders provided the fuel for the price to bottom and for the rally to restart. After the price rapidly increased, the metric’s value began to drop, meaning that buying was starting to slow down, or just some fresh selling had started. The Bitcoin Coinbase Premium Index remained at relatively high positive levels, so the price could continue its upward trajectory. However, the metric has observed a further drop in the last week. Related Reading: Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price The chart shows that the indicator is still positive, but its magnitude is much lower. “Interestingly, the current buying pressure is decreasing, which may signify a shift in sentiment toward a more balanced market,” explains the quant. The analyst has also attached the chart for another indicator, the Korea Premium Index, which measures the difference in the prices listed on South Korean exchanges and those on foreign ones. Looks like the metric has a positive value | Source: CryptoQuant This indicator has also been positive through most of the rally, suggesting Korean investors have been busy buying. Even now, while the Coinbase Premium Index has fallen off, this metric hasn’t seen any decline as significant yet. BTC Price At the time of writing, Bitcoin is trading around $27,900, up 7% in the last week. BTC hasn’t moved much in the last few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":524464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,88035,87373,88034,1119,1144],"class_list":["post-524446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-buying-pressure","tag-bitcoin-coinbase-premium-index","tag-bitcoin-korea-premium-index","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?<\/title>\n<meta name=\"description\" content=\"Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?\" \/>\n<meta property=\"og:description\" content=\"Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-24T19:00:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:34:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1703\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?\",\"datePublished\":\"2023-03-24T19:00:29+00:00\",\"dateModified\":\"2024-06-11T14:34:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\"},\"wordCount\":526,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703\",\"keywords\":[\"bitcoin\",\"Bitcoin Buying Pressure\",\"Bitcoin Coinbase Premium Index\",\"Bitcoin Korea Premium Index\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\",\"name\":\"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703\",\"datePublished\":\"2023-03-24T19:00:29+00:00\",\"dateModified\":\"2024-06-11T14:34:36+00:00\",\"description\":\"Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703\",\"width\":2560,\"height\":1703,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?","description":"Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?","og_description":"Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-03-24T19:00:29+00:00","article_modified_time":"2024-06-11T14:34:36+00:00","og_image":[{"width":2560,"height":1703,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?","datePublished":"2023-03-24T19:00:29+00:00","dateModified":"2024-06-11T14:34:36+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/"},"wordCount":526,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703","keywords":["bitcoin","Bitcoin Buying Pressure","Bitcoin Coinbase Premium Index","Bitcoin Korea Premium Index","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/","name":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703","datePublished":"2023-03-24T19:00:29+00:00","dateModified":"2024-06-11T14:34:36+00:00","description":"Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703","width":2560,"height":1703,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?","url":"http:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-coinbase-premium-buying-ending\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin buying pressure","bitcoin coinbase premium index","bitcoin korea premium index","btc","btcusd"],"dateCreated":"2023-03-24T19:00:29Z","datePublished":"2023-03-24T19:00:29Z","dateModified":"2024-06-11T14:34:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-coinbase-premium-buying-ending\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-coinbase-premium-buying-ending\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin buying pressure\",\"bitcoin coinbase premium index\",\"bitcoin korea premium index\",\"btc\",\"btcusd\"],\"dateCreated\":\"2023-03-24T19:00:29Z\",\"datePublished\":\"2023-03-24T19:00:29Z\",\"dateModified\":\"2024-06-11T14:34:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/kanchanara-Lta5b8mPytw-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=524446"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/524464"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=524446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=524446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=524446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}