Battle of the whales as $50K Bitcoin hinges on 'Coinbase premium'.

[Malam90]

A negative premium implies that accumulation will last a little longer, meaning that $50,000 as support may have to wait too.
Bitcoin (BTC) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests.

In a tweet on Feb. 16, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted the so-called "Coinbase premium" as one of the final hurdles for BTC/USD.

Negative premium slows upward grind
On Tuesday, a clear battle was emerging within Bitcoin trading as $50,000 stayed de facto out of reach for bulls.

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