nino2026-02-23

Coinbase Premium SMA-30 Rejection Above Zero Emerges as Potential Trigger for Bitcoin Slide

On this Monday following the weekend, Bitcoin is trading near $64.7K as the Coinbase Premium Index shows limited signs of recovery. Although the index’s 30-minute simple moving average (SMA-30) briefly crossed above the zero level, it failed to maintain that momentum into the new week. This lack of sustained recovery in the premium, despite the temporary uptick, is considered a potential trigger for the recent downward price action.