Bitcoin’s Coinbase Premium Turns Negative for First Time Since May
Bitcoin's (BTC) premium on Coinbase has turned negative for the first time since late May, signaling a shift in U.S. investor demand.
- The premium reflects the price difference between BTC/USD on Coinbase and BTC/USDT on Binance.
- This change indicates weaker demand from U.S. investors, suggesting a potential price pullback for BTC.
- A positive premium typically signals strong institutional interest, particularly from U.S. investors.
- Coinbase is favored by large U.S. institutions, while Binance serves a broader global audience.
- Recent bull runs featured BTC trading at a premium on Coinbase, indicating robust buying activity.