Bitcoin rally shows signs of fatigue as key indicators turn bearish
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- Coinbase premium index flipped negative to -0.04% after a 19‑day streak of gains, ending the longest positive run since October.
- Bitfinex whale holds 79,342 BTC, just shy of its 80,100 BTC cycle‑peak long exposure despite price near $79,000.
- Bitcoin failed to reclaim the short‑term holder realized price of $79,200, a pressure point for recent buyers.
- Las Vegas Bitcoin conference began as price slipped to $77,000, echoing past patterns where rallies fade after the event starts.
- CoinDesk warns the rally is on thin volume and vulnerable to macro shocks such as rising oil prices and Iran tensions.
Why it matters: U.S. institutional investors see demand dip as the Coinbase premium slides to -0.04%, nudging price toward $77k and shifting volume to offshore exchanges, tightening liquidity on domestic platforms.
