News

Bitcoin (BTC) Whale Selling Trend Signals From Coinbase Premium, What Next?

The analysts feel the slowing down of selling pressure is good for bot only Bitcoin whale but also to the crypto market.
Published by
Bitcoin (BTC) Whale Selling Trend Signals From Coinbase Premium, What Next?

With the sudden push in Bitcoin price in the last few days, speculation is rife around next big price action. However, institutional investors and big Bitcoin whales appear to have clear plans amid market uncertainty. Pointing to this direction is Coinbase premium, a key indicator that can be used to assess the mood of big investors.

Advertisement

Coinbase Premium Is Finally Positive

Data from Crypto Quant signal that there could finally be respite to the market from selling pressure. According to maartunn, the Coinbase premium turned green recently after a long time. The data shows that there is clearly interest in buying Bitcoin from big whales. The last time Coinbase premium indicator was consistently green was way back in early May.

“For a long, long period Coinbase Premium was negative. It gives a clear signal that US high net worth and institutional investors are unloading Bitcoins.”

The latest trend also underlines the sentiment that the selling pressure is finally diminished. With Coinbase premium rising to above zero levels, signals are that most selling is now over. Meanwhile, the analysts feel the slowing down of selling pressure is good not only for Bitcoin whales but also to the crypto market. “Reduced selling pressure gives opportunities to higher prices, which is actually very good for the market.”

Advertisement

Whale Accumulation On The Rise

When looked at data on Bitcoin balance distribution addresses, the trend clearly shows that big whales have increased their holdings. However, smaller players appear to be still on the selling spree or not opting to buy Bitcoin yet. The number of addresses having below 10,000 Bitcoin have in the recent times decreased their assets. Whereas those addresses which have over 10,000 BTC clearly are accumulating more Bitcoin.

Meanwhile, Bitcoin surged by around $4,000 in the space of just a week. As of writing, Bitcoin price stands at $23,800, up 1.73% in the last 24 hours, according to price tracker CoinMarketCap. On a weekly basis, the cryptocurrency increased in value by a staggering 20.39%. On the market cap front, Bitcoin’s market size grew by over 15% over the space of just one week. From $385 billion on June 13 to $445 billion on June 19, Bitcoin picked up quite well.

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Is Changpeng “CZ” Zhao Returning To Binance? Probably Not

Changpeng Zhao, aka CZ, might not return to operations at crypto exchange Binance immediately, he…

October 27, 2025
  • Altcoin News
  • News

XRP News: Ripple-Backed Evernorth Amasses Over $1B in XRP Ahead of Nasdaq Listing

In a major XRP news today, Ripple-backed digital asset treasury firm Evernorth has expanded its…

October 27, 2025
  • Bitcoin News

Crypto Market Rally: BTC, ETH, SOL, DOGE Jump 3-7% as US China Trade Talks Progress

Today's crypto market rally comes on the positive progress in the US-China trade talks, with…

October 27, 2025
  • News

Indian Court Declares XRP as Property in WazirX Hack Case

In a landmark ruling, the Madras High Court in India has declared that XRP and…

October 27, 2025
  • News

Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH

Ethereum’s fundamentals continue to strengthen as major investors and analysts signal renewed confidence in the…

October 27, 2025
  • News

Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000

Bitcoin (BTC) has climbed above $113,000 as optimism grew ahead of President Donald Trump’s meeting…

October 26, 2025