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‘Coinbase Premium’ Indicates Whales on Binance May Be Behind Bitcoin’s Rally — CoinDesk

‘Coinbase Premium’ Indicates Whales on Binance May Be Behind Bitcoin’s Rally — CoinDesk

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“After four days of consolidation, bitcoin broke out bullishly above trend line resistance at $44,000, trading rapidly up to a high just shy of $48,000,” Patrick Chu, director of institutional gross sales and buying and selling at crypto over-the-counter (OTC) buying and selling agency Paradigm, advised CoinDesk. “Throughout the period of consolidation, we continued to see bullish views being expressed via call spreads from our institutional client base.”

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