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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/29/2026

US Demand Signals Weaken as Coinbase Premium Turns Negative

Bitcoin's Coinbase Premium Index flashed negative for the first time in three weeks, indicating weakening US spot market demand.

US Demand Signals Weaken as Coinbase Premium Turns Negative

What happened: Bitcoin's Coinbase Premium Index flashed negative for the first time in three weeks, indicating weakening US spot market demand. Weekly losses topped $829 million as institutional interest appeared to wane.

Why it matters: The Coinbase premium has historically served as a reliable indicator of US institutional demand. Its turn negative suggests American investors are no longer paying premiums for Bitcoin access, potentially signaling a shift in sentiment among the market's most influential participants.

Source: Cointelegraph