🐋 WHALE WATCH : The Coinbase Bitcoin Premium Index has sat below 0% for most of the recent period touching near -0.2% at points. BTC on Coinbase trading below the reference market that long is a sign of weak US demand. The tail end of the chart is shifting. The negative gap is narrowing fast and the Premium is edging back toward 0% as BTC recovers to around $80000. A return to 0% doesn't guarantee a move higher. But a sustained flip into positive territory changes the picture. For now the pressure is easing. It isnt reversing yet. Thats the level worth watching.(Whale Factor)