Coinbase Premium Hits Monthly Low on Institutional Selling
Cointelegraph
The Coinbase premium has hit a monthly low of -0.0983%, signaling increased institutional selling pressure compared to retail activity on Binance.Summary
The Coinbase premium, a key metric comparing Bitcoin prices on Coinbase versus Binance, has dropped to a monthly low of -0.0983%. Analysts attribute this trend to intensified selling pressure from institutional investors and a lack of US spot market demand. This shift coincides with outflows from US spot Bitcoin ETFs and a reduction in derivatives open interest, suggesting that institutions are either taking profits or hedging their positions amid macroeconomic uncertainty. Market observers note that this behavior could impact near-term price momentum for major crypto assets.
(Source：Cointelegraph)