Coinbase negative premium widens, signaling weak U.S. institutional demand

The Coinbase Premium for BTC has widened to -$57, a development that reflects weakening demand from U.S. institutional investors, CryptoBriefing reported, citing a CryptoQuant report. The premium measures the price difference for an asset between Coinbase and major global exchanges, with a negative value indicating the asset is trading at a discount on the U.S. platform. The report suggests this trend could be the result of several combined factors, including year-end risk management, profit-taking, tax-related selling, and outflows from spot BTC ETFs. The analysis concludes that institutional funds are currently in an exit phase and that BTC's upward momentum will likely be limited until the premium returns to positive territory.