Important points
- Coinbase’s premium gap has fallen to -$57, indicating strong selling pressure from US investors.
- A negative premium indicates that Bitcoin is trading cheaper on Coinbase compared to global exchanges, reflecting regional sentiment.
According to CryptoQuant data, Coinbase's premium gap has fallen to -$57, indicating declining demand in the Bitcoin market from US institutional investors.
US investors are hitting the sell button hard 💥
Coinbase’s premium gap is currently -$57, indicating active selling pressure from American traders. pic.twitter.com/gRCPSVvf1o
— Maartunn (@JA_Maartun) December 19, 2025
This index measures the Bitcoin price difference between Coinbase and Binance and shows where buying pressure is strongest. Positive readings indicate strength of US investor interest, while negative readings reflect increased offshore or retail sales.
Coinbase's premium gap has declined to -$57, indicating softer US institutional demand as 2025 draws to a close. This may reflect year-end risk aversion, profit taking, potential tax-driven selling, and ETF outflows, suggesting institutional investors are still outflowing rather than accumulating.
While not an extreme view, the negative premium serves as a warning that upside momentum is limited until the gap turns positive, suggesting renewed buying by US institutional investors.
