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 higher concentration of U.S. institutional participants, meaning net inflows are often interpreted as either ‘dry powder’ waiting to be deployed or…  Read more

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