Bitcoin has experienced a drop below $93,000 recently, and the Coinbase Premium Gap indicator suggests that the buying pressure from US-based whales has decreased. The indicator tracks the price difference between Bitcoin on Coinbase and Binance, indicating how buying or selling behaviors differ between users of the two exchanges. The decline in the Coinbase Premium Gap coincides with Microstrategy completing a $5.4 billion Bitcoin purchase, which had previously helped maintain the cryptocurrency's price highs. The indicator's future movement could provide insights into Bitcoin's next price action. Additionally, the Bitcoin Active Addresses indicator has seen a significant increase, indicating a surge in network activity, although recent user interest does not appear to be driven by buying. As of writing, Bitcoin is trading around $92,400, representing a nearly 6% decrease in 24 hours.



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