**[Matrixport: Convergence of Bitcoin Discount on Coinbase May Indicate Easing Selling Pressure]** On March 9, Matrixport released a chart pointing out that since October last year, Bitcoin prices on Coinbase have consistently been lower than those on other exchanges, forming a noticeable discount. This reflects heavy selling pressure caused by capital outflows from the U.S. market. Recently, as Bitcoin prices retreated to around $60,000, the discount has narrowed to a neutral level, indicating that selling pressure is gradually being absorbed and trading conditions may improve. Although geopolitical risks persist and risk assets remain weak, Bitcoin's performance has been relatively stable, suggesting the market environment may see marginal improvement.