🌟✨️💢 BITCOIN Premium Index CBPI has been steadily dropping since Bitcoin topped out at 76k.



This pattern is very similar to the last time BTC rejected at 76k on March 16th. Coincidentally, the same day after MicroStrategy / Saylor bought.

Doesn't look like Bitcoin is ready to breakout just yet.
$BTC
BTC0.14%
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GateUser-470bc925
· 23h ago
Let's consider 76k as a resistance level for now; don't rush if it can't break through.
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RugpullTaster
· 23h ago
It feels more like waiting for macro/ETF inflows to give a signal—otherwise, just keep range-trading back and forth, clear the leverage first, and then we’ll talk.
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午休看TVL
· 04-15 18:08
CBPI has been steadily declining and doesn't seem to be taking off anytime soon.
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ShellsLeftBehindByTheReceding
· 04-15 18:07
CBPI decline may also be caused by arbitrage trading, not necessarily a pure bear market, but at least it doesn't support an immediate new high.
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GateUser-99725296
· 04-15 18:07
If it's similar to the March 16th event, it might take some more time to refine, waiting for trading volume and funding rate to coordinate together.
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BetaTestHuman
· 04-15 18:07
Agreed, without seeing a clear premium rebound, the risk of chasing higher is a bit high.
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