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Bitcoin Coinbase Premium Shifts to Neutral Ground
The Bitcoin market structure is looking fairly healthy right now. What's worth noting is that Coinbase's premium indicator has retreated back to neutral territory—a sign things aren't overheating on that front.
That said, price action tells another story. BTC is currently testing resistance around the 25-year yearly open level. This is a critical zone to watch. Breaking through would signal fresh momentum, while rejection here could see buyers reassess their positions.
Overall, the setup suggests a balanced picture—neither overbought nor unduly weak, but facing a key technical hurdle that'll likely determine the next directional move.