Data shows that Bitcoin selling pressure on the crypto exchange Coinbase is decreasing, which could be conducive to a short-term bounce.

On-chain data suggests the Bitcoin short-term holders haven’t been capitulating during the crash, a sign that a shift has occurred in the market.

Data shows the Bitcoin Coinbase Premium has been negative for a while now, a sign that institutional selling has been occurring behind the scenes.<

On-chain data suggests the selling pressure from the Bitcoin miners and HODLers has been drying up, a sign that could be positive for the asset.

On-chain data shows the Bitcoin exchange inflows have remained low recently, a sign that the whales have been disinterested in selling.

On-chain data reveals the Bitcoin HODLers are participating in major selling.

On-chain data shows the Bitcoin long-term holders, or so-called “diamond hands,” have transferred a total of 669,000 BTC over the past month.

Data shows that Bitcoin Coinbase Premium has plunged into the red territory, which may explain why the asset’s price has crashed to under $68,000.<

On-chain data suggests the Bitcoin whales have just participated in some large distribution, but the asset’s price has managed to hold on so far.

Data shows the Bitcoin Coinbase Premium Index has turned negative once more, a sign that could prove to be bearish for the asset’s price.