Coinbase Premium Stays Negative as U.S. Institutions Sell Bitcoin Faster Than Binance Traders
- —Crypto liquidations reached $812.95 million as Bitcoin fell below $84,000
- —Coinbase Premium has stayed negative since mid-September, near -0.0012 on October 12
- —U.S. spot Bitcoin ETFs posted $65.4 million in outflows, all from BlackRock's IBIT
- —Bitcoin exchange reserves fell from about 2.72 million BTC in late September to 2.67 million BTC
Why it matters: A persistently negative Coinbase Premium signals weakening U.S. institutional demand, raising the risk of further downside if Bitcoin loses the $84,000 level.
Source: Coinpedia