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Bitcoin Coinbase Premium Turns Negative as Institutional Demand Cools
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Bitcoin Coinbase Premium Turns Negative as Institutional Demand Cools
Bitcoin (BTC) is showing fresh signs of institutional caution after the ‘Coinbase premium’ slipped back into negative territory, suggesting U.S.-based demand is weakening relative to offshore markets even as exchange flows hint at only tentative positioning. According to on-chain analytics firm CryptoQuant, preliminary data for May 7 UTC showed Bitcoin netflows on Coinbase Advanced at a modest +26 BTC. Coinbase is widely viewed as a venue with a…
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