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Bitcoin's Coinbase premium hits lowest level this month amid rising U.S. institutional selling and weak spot demand.

Market News
22 May 2026
Crypto news
View Source
Bearish
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Bitcoin's Coinbase premium has dropped to its lowest level this month, signaling intensified selling by U.S. institutional investors. This premium, which measures Bitcoin's price difference between Coinbase and Binance, turned negative, indicating institutions are offloading Bitcoin faster than global retail traders. Concurrently, U.S. spot Bitcoin ETFs have seen $1.3 billion in outflows since mid-May, and Bitcoin open interest fell by $1.5 billion this week, reflecting reduced leverage and weak spot demand. Analysts link this trend to institutions shifting capital toward equities amid macroeconomic uncertainty, with some viewing the negative premium as a potential market bottom signal.

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