Analyst: Widening Coinbase Premium Gap signals strong US selling pressure

U.S.-based selling pressure has recently reached its strongest level, according to an analysis by Mignolet, a CoinNess Content Creator and crypto analyst. He noted that the Coinbase Premium Gap (CPG) has widened significantly even while the ETF market is closed. Mignolet's analysis suggests this selling pressure likely originates from large U.S. investors operating through channels other than ETFs, identifying it as a traditional selling pattern that has been observed repeatedly in the past.