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    Coinbase Premium Turns Negative! Is U.S. Demand for Bitcoin Collapsing?

    Story Highlights
    • Bitcoin flips cheaper on Coinbase, showing lower demand from U.S.-based institutional investors.

    • Coinbase Premium Gap turns negative after 60 days, hinting at possible price weakness.

    • Bitcoin ETF inflows slow down, adding to signs of cooling investor interest in America.

    • Ethereum Premium Gap turns neutral, signaling U.S. buyers are no longer actively participating.

    The cryptocurrency market is on high alert today after new data from CryptoQuant shows that the Coinbase Premium Gap for Bitcoin has turned negative for the first time in two months. This important metric may be signaling that buying demand in the United States is growing weaker, which could put more pressure on Bitcoin in the short term. 

    Coinbase’s Bitcoin Premium Turns Negative

    For the past 60 days, Bitcoin has been trading at a higher price on Coinbase compared to Binance. This usually signals strong buying interest from U.S.-based investors, especially big institutions. Coinbase is preferred in the U.S. due to its regulatory trust and cleaner reputation.

    But now, for the first time since late May, this premium has flipped. Bitcoin is cheaper on Coinbase than on Binance. Meanwhile, this flip suggests that U.S. demand has slowed down, especially from big institutions that usually use Coinbase to trade.

    If this trend continues, Bitcoin might drop further. Analysts believe prices could retest support levels between $118,000 and $116,000

    CryptoQuant: Weak U.S. Demand Could Pressure Prices

    Experts at CryptoQuant warn that this drop in U.S. interest might lead to short-term price pressure. In the past, similar negative shifts were linked to U.S. traders becoming cautious.

    Adding to this concern, Bitcoin ETF inflows have also slowed down in recent weeks, further showing that investor interest from the U.S. might be cooling off, at least for now.

    Ethereum Coinbase Premium Turn Neutral

    On the other hand, CryptoQuant’s data also highlights that the Ethereum Coinbase Premium Gap is now neutral, which also means US investors are no longer eager buyers.

    The shift indicator shows that the Ethereum price will slide toward $3,750 to $3,800. But if the premium gap turns positive again soon, it could be a sign that US buyers are returning, which might help push prices back up.

    As of now, Ethereum is trading around $3,874, reflecting a slight drop seen in the last 24 hours.

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    FAQs 

    What is the Coinbase Premium Gap?

    It’s the price difference between Bitcoin (or Ethereum) on Coinbase (USD pair) vs. Binance (USDT pair), signaling U.S. investor demand.

    What does a negative Bitcoin Coinbase Premium Gap mean?

    A negative gap suggests weakening buying interest from U.S. investors, particularly institutions, which could lead to short-term price pressure for Bitcoin.

    What is the current status of the Ethereum Coinbase Premium?

    The Ethereum Coinbase Premium Gap has turned neutral, indicating U.S. investors are no longer eager buyers, potentially leading to a price slide.

    Why is US institutional demand slowing?

    Cautious sentiment, reduced ETF inflows, and profit-taking may be cooling US buying pressure after two months of sustained premiums.

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