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Coinbase premium hits monthly low as institutional selling pressure mounts

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The Coinbase premium dropped to a monthly low as institutions sold aggressively and Bitcoin ETFs recorded four consecutive days of outflows, signaling bearish sentiment.

Coinbase premium hits monthly low as institutional selling pressure mounts

The Coinbase premium, a key gauge of institutional demand for Bitcoin on US exchanges, has fallen to its lowest level in a month as selling pressure from large players intensifies.

According to data cited by CoinTelegraph, the premium hit a monthly low as institutions sold aggressively and spot Bitcoin ETFs experienced a four-day outflow streak. Analyst Darkfost noted that uncertainty in the macro environment "appears to be pushing institutions toward hedging strategies while waiting for greater clarity." The declining premium suggests that institutional buyers are less willing to pay a premium for Bitcoin on Coinbase relative to other exchanges, often a bearish signal for the broader market. For traders tracking real-time crypto quotes on NowPrice, this shift in sentiment could precede further downside if ETF outflows persist.

The coming days will be crucial as traders watch for any reversal in ETF flows or a stabilization of the Coinbase premium. Key support levels on Bitcoin price charts, combined with macroeconomic data releases, may determine whether this institutional caution turns into a broader sell-off or a buying opportunity for dip hunters.

Read the original article on CoinTelegraph
Editorial summary by NowPrice. Read the original article at the source for full reporting.