TechFlow News: On March 9, Matrixport released its chart of the day stating, “Since October, Bitcoin’s price on Coinbase has consistently traded below that on other global exchanges, resulting in a noticeable discount. Although this price differential has been partly influenced by USDT price volatility, its persistence over time still reflects a stronger selling tendency among investors on the Coinbase platform. The imbalance in capital flows from the U.S. market may be one of the key reasons behind the sustained market pressure observed over recent months.”
“However, as Bitcoin’s price temporarily retreated to around $60,000, the discount began narrowing and has now largely returned to neutral levels. As we previously noted, such a correction often signals that the majority of selling pressure has been gradually absorbed by the market, and Bitcoin’s trading conditions are likewise poised to improve.”
“Recent price action appears to corroborate this view. Despite ongoing geopolitical risks and generally weak performance across risk assets, Bitcoin’s overall price trajectory remains relatively resilient. This may suggest that the phase of heavier selling pressure is gradually drawing to a close, and market conditions could see marginal improvement.”
