Since mid-December, whales have been out of the market and taking a break, and during that time, $BTC has been correction.

And during this process, the Coinbase Premium Index has turned negative. This means that whales are using the US market.

While they are taking a break, the Coinbase Premium has decreased, and the price of $BTC has also decreased. And while the Coinbase Premium is recovering, the price of $BTC is increasing.

Recently, the Coinbase Premium has turned positive again, and the price of $BTC has rebounded.

The current bull market is led by the US, and they are back.

Currently, the Coinbase Premium is almost neutral, but this can be used to predict the price movement of $BTC.
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