Bitcoin rally shows signs of fatigue as key indicators turn bearish

Cooling U.S. demand, elevated Bitfinex whale positioning and a key on chain rejection point to short term downside during the Las Vegas Bitcoin conference. What to know : The Coinbase premium index has flipped negative after a 19-day streak of gains, signaling a pause in U.S. institutional demand and raising the risk of near-term consolidation or a pullback. Bitcoin failed to reclaim the short-term holder realized price at $79,200. The Bitfinex whale remains heavily long, despite the price climb to over $79,000.(Coindesk)