Bitcoin’s price movement has created two BTC futures gaps after the Coinbase premium turned negative, signaling a shift in sentiment among US investors. The Coinbase premium index, which measures the price gap between Bitcoin on Coinbase Pro and Binance exchange, went negative after a 15-day positive streak, indicating potential bearish sentiment. This drop coincided with Bitcoin slipping below $94,000, leading to reduced buying pressure on Coinbase, reflecting a decline in institutional and retail demand. Cointelegraph reported early signs of selling pressure, with over $300 million in negative spot cumulative volume delta recorded from April 27 to April 29, pointing to sustained sell-side activity. The selling pressure persisted over the weekend, contributing to the price decline, with Bitfinex whales showing significant selling pressure compared to Coinbase and Binance. Additionally, about 8,000 BTC in open interest was removed across futures markets, reflecting reduced leverage. However, the aggregated futures bid-ask delta is turning positive, indicating potential buying interest in derivatives markets. Bitcoin is currently trading around $94,000 between two CME futures gaps, with expectations to test at least one gap this week, potentially dropping to $92,000. The cryptocurrency failed to hold its position above the 200-day simple moving average for the first time since April 11, suggesting a possible trend shift in the lower time frame chart. Despite this, choppy price action is expected in the short term due to overhead resistance at $97,000-$98,000 and key support at $93,000. Crypto trader UB highlighted key levels to watch for, emphasizing the importance of $95.5k and $91.9k for potential trading decisions. This article emphasizes that it does not offer investment advice, and readers should conduct their own research before making any financial decisions.