According to Cas Abbé, the local bottom for BTC and altcoins has not been established, as reflected by the still-positive funding rate, which indicates that traders are expecting a V-shape recovery. Additionally, the declining Coinbase premium points to reduced institutional accumulation. These factors, combined with the appearance of controlled selling, suggest that a definitive trend reversal has not yet occurred and further downside risk remains for traders (source: Cas Abbé on Twitter, June 17, 2025).

According to Miles Deutscher, the Coinbase premium for Bitcoin ($BTC) turned positive at the end of last week as ETF-related market capitulations concluded. Currently, it has shifted back into negative territory, though it remains less negative than the previous week. Traders should monitor this metric closely for indications of traditional finance (tradfi) market behavior.