Viewpoint: This Morning's Bitcoin Dip Pressure Stemmed from U.S. Non-ETF Whale

BlockBeats News, January 19th, CryptoQuant analyst Mignolet combined with CPG (Coinbase Premium Gap) chart to indicate that the current market is experiencing the strongest sell-off premium in recent times. As Bitcoin took a nosedive this morning when the U.S. ETF market had not yet opened, this selling pressure came from U.S. whales (large investors) operating outside of the ETF.

Note: CPG measures the price difference between Coinbase (USD pair) and Binance (USDT pair) Bitcoin prices, with a positive value indicating strong U.S. buying pressure, while a negative value reflects selling pressure from U.S. investors.