Coinbase Premium Hits Annual Low, Suggesting Institutional Selling

Odaily News Bitcoin's Coinbase premium gap has fallen to its lowest point of the year, with analysts suggesting this move may reflect weak relative demand on the Coinbase trading venue, which is often associated with institutional trading.

The Coinbase Premium Gap, which measures the price difference of Bitcoin on Coinbase versus Binance, has dropped to its lowest level in over a year.

An analyst indicated that this move could signal a weakening in relative demand on trading venues associated with Coinbase, which are typically linked to institutional trading.

The Coinbase Premium is the price difference between the BTC/USD trading pair on Coinbase and the BTC/USDT trading pair on Binance.

When the value is negative to this extent, it indicates that the price of Bitcoin is declining.