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0.00433330682992766 0.00361771487636171 0.0116283692454481 0.00393575574461322 0.00492963345789938 0.00731493996978624 -0.000993877713286157 -0.000993877713286157
Stock impact report

Bitcoin Hits $90,000—But Rally May Not Last Through Holidays [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Since then, the top crypto has pulled back and is now trading at just under $90,000, up 2.2% on the day, per CoinGecko data. Data indicate the move was driven by speculative futures trading rather than genuine investor demand. Since December 18, open interest and the cumulative volume delta (CVD) for perpetual futures have trended upwards, while the spot CVD has declined, according to Velo data. That divergence is a classic signature of a derivatives-led move, where leveraged bets push the price higher without corresponding buying in the underlying spot market. Broader market indicators reinforce this caution. The "Coinbase premium," which tracks the price difference for Bitcoin on the U.S.-based Coinbase exchange versus global averages, has flipped negative after a brief positive period in late November and mid-December. It indicates a lack of premium buying demand from U.S. investors, a key demographic. Furthermore, U.S. spot Bitcoin exchange-traded funds (ETFs) have reco Show less Read more
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