TeddyVision
Bitcoin Coinbase Premium Index stays deeply negative
Coinbase Premium is firmly below zero, showing continued sell pressure from U.S. spot flows. Even during short-term rebounds, BTC trades at a steady discount on Coinbase versus other major exchanges. U.S. spot demand - institutions included - is still not stepping in. Historically, a prolonged negative Coinbase Premium is associated with: • weak institutional spot demand • capital moving away from U.S. venues • little evidence of aggressive dip-buying by long-term holders Until the premium stabilizes and turns positive, upside remains fragile, driven more by derivatives and short-term flows than by real spot accumulation. DYOR 🧸