Bitcoin faces rising downside risk as macro pressure and weak technicals point to a possible drop toward $80,000 on a rising-wedge breakdown.
Bitcoin (BTC) witnessed its lowest Coinbase Premium Gap (CPG) in a year, a sign that US-based investors were applying strong selling pressure relative to global markets.
Key takeaways:
US selling pressure spiked as the Coinbase Premium Gap hit a one-year low during a market holiday.
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