Bitcoin Falls Below $63K; US Institutional Demand Weakens
The 60-day stretch is the real headline, not the spot price. Sustained negative Coinbase premium means US institutional desks are not leaning into the dip, even at sub-$63K levels.
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The 60-day stretch is the real headline, not the spot price. Sustained negative Coinbase premium means US institutional desks are not leaning into the dip, even at sub-$63K levels.
The unprecedented stretch points to weaker U.S. institutional demand and keeps near-term selling pressure in focus.
Two days of inflows don't overturn a $2.73B 10-day outflow streak, and the Coinbase Premium has been negative for 50 straight sessions: the bid is tactical, not structural.
Coinbase Premium has now printed negative for fifty straight days and spot BTC ETFs just booked their eighth straight week of net outflows, the structural bid still unproven until IBIT flips back.
Record ETF outflows, a negative Coinbase Premium, and a US-session return near -15% over the past month have replaced the institutional bid that powered earlier rallies.
The driver is no longer the Iran story or oil; bitcoin is now trading as a leveraged AI-tech bet, with a negative Coinbase premium and Strategy's STRC preferred sliding to a fresh low adding to the…
Coinbase Premium stayed negative through a 5% rally and CryptoQuant's apparent-demand metric is still below zero — the bid looks leveraged, and leveraged bids historically unwind faster than spot…