Crypto: Us Bitcoin Traders Flip Bearish: Is BTC Price At Risk Of Losing $90k?

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.

US selling pressure spiked as the Coinbase Premium Gap hit a one-year low during a market holiday.

$80,000 downside risk grows if Bitcoin breaks down from its rising-wedge pattern.

As of Monday, Bitcoin’s 30-day average CPG fell to about −63.85, its lowest level since January 2025. That reading preceded a BTC price drop to roughly $78,350 from above $102,000 in just four months.

The CPG tracks the price difference between Bitcoin’s USD pair on Coinbase and its USDT pair on Binance.

When the gap turns deeply negative, it means Bitcoin is trading at a lower price on Coinbase, suggesting US traders are selling more aggressively than their offshore counterparts. When the gap is positive, it typically signals stronger US buying demand.

The CPG low formed during a US market holiday, when spot Bitcoin ETFs were inactive. It showed that the selling pressure did not come from spot Bitcoin ETFs, but from US whales operating outside of traditional funds, according to analyst Mignolet.

“It’s one of the traditional selling patterns we’ve seen repeatedly in the past,” he wrote in a Monday post.

The timing also coincided with a broader shift in market sentiment. US futures fell after President Donald Trump escalated tariff threats against European Union nations that resisted his plans to take control of Greenland.

Source: CoinTelegraph