Coinbase premium hits one-year low amid signs of institutional selling

The Coinbase Premium, which measures the asset price difference between U.S. crypto exchange Coinbase and Binance, has fallen to a one-year low, signaling growing selling pressure from institutional investors, Cointelegraph reported. The premium has now dropped to negative $167.8. Crypto analyst Darkfost explained that such a large negative premium means the BTC price on Coinbase, favored by institutional and high-net-worth investors, is trading below that of Binance, which has a higher concentration of retail traders. This suggests that strong selling pressure from institutions is causing both a price decline and a widening of the premium gap, Darkfost added.