Matrixport: Coinbase discount is converging, possibly indicating that selling pressure on Bitcoin is easing

DeepFlowTech · 2026-03-09T07:26:07+00:00

Matrixport's report indicates that Bitcoin's price on Coinbase has been trading at a persistent discount since October last year, reflecting investors' selling tendency. Although still affected by geopolitical risks, the discount has narrowed after the price correction, and market selling pressure is expected to be absorbed, with the overall trend gradually stabilizing.

DeepFlowTech

2026-03-09 07:26:07

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Deep Tide TechFlow News, March 9 — Matrixport released a chart today showing that since October, Bitcoin prices on Coinbase have consistently been below those on other global exchanges, forming a noticeable discount. Although this price gap is partly influenced by USDT price fluctuations, the long-term existence of the discount still reflects a stronger selling tendency among investors on the Coinbase platform. An imbalance in capital flows from the US market may be one of the key reasons for the ongoing market pressure in recent months.

However, when Bitcoin’s price briefly fell back to around $60,000, the discount began to narrow and has now returned to a neutral level. We previously mentioned that such a correction often indicates that most of the selling pressure has been gradually absorbed by the market, and Bitcoin’s trading condition is expected to improve accordingly.

Recent price movements seem to confirm this judgment. Despite ongoing geopolitical risks and generally weak performance of risk assets, Bitcoin’s overall trend remains relatively stable. This may suggest that the phase of heavy selling pressure has been gradually coming to an end, and the market environment could see marginal improvements.

BTC2,84%

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