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US Coinbase drives Bitcoin selling pressure as BTC drops nearly 25% from September highs

Market News
15 Nov 2026, 05:36 WIB
Tokenpost
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Bearish
US Coinbase drives Bitcoin selling pressure as BTC drops nearly 25% from September highs

Bitcoin's price fell below $66,000, down nearly 25% from its September 21 peak of $87,395. Research from Anchorage Digital's David Lawant shows that the main source of Bitcoin selling pressure came from the US, particularly via Coinbase. Data comparing Bitcoin spot volumes on Binance, Bybit, Coinbase, and OKX revealed that Coinbase's cumulative volume delta trended downward from November 9 without a sustained rebound, unlike the other exchanges. This suggests Coinbase played a significant role in the recent Bitcoin price decline, reflecting weak US buying power as indicated by a 33-day negative Bitcoin premium index on Coinbase.

Bitcoin selling pressure is the story's subject, with Pluang market data providing context. As of Nov 15, 2026 10:41 WIB, 4 of 50 major cryptocurrencies rose, 45 fell. Notable movers include ADA down 8.24% with 76% sell orders, EOS up 8.13%, and LTC down 7.92% with 70% sell orders.

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