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Bitcoin faces pressure with longest negative Coinbase premium streak amid ETF outflows and price drop from $76k to $63k.

Market News
18 Jul 2026
AMBCrypto
View Source
Bearish
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Bitcoin has experienced a record 60-day streak of negative Coinbase Bitcoin Premium Index, indicating it trades cheaper on Coinbase than Binance, reflecting market pressure. This prolonged negative trend coincides with significant ETF outflows and a price drop from $76,954 in May to around $63,935 recently. Despite a slight price recovery and ETF inflows ending an eight-week outflow trend, technical indicators suggest bulls remain weak. Analysts predict Bitcoin is forming a bottom with potential further declines, while traders give only a 10% chance of reaching $100,000 this year.

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