Unveiling the Shocking Coinbase Selling Pressure Impact on Bitcoin

Key Points

1. Recent large Bitcoin deposits into Coinbase have created significant selling pressure, contributing to Bitcoin's price adjustments.

2. Coinbase's role as a major exchange makes its deposit trends a key indicator of market sentiment and potential price movements.

3. On-chain analysis suggests that the current selling pressure may be in its final stages, with potential implications for price stabilization or rebound.

4. Market phases can be inferred from exchange inflows and outflows: large deposits indicate selling pressure, while outflows suggest accumulation and bullish signals.

5. Investors are advised to consider risk management strategies, including diversification and long-term holding, to navigate Bitcoin's volatility.