🚨 INSIGHT: Coinbase Selling Pressure Isn’t Slowing Down
The Coinbase premium gap has just recorded its longest negative stretch since November 2024, according to a CryptoQuant analyst.
That’s not noise. That’s positioning.
📉 What a Negative Premium Means
When the price on Coinbase trades below global spot exchanges:
U.S. traders are selling more aggressively
Spot demand from U.S. participants is weak
Distribution outweighs accumulation
And historically, U.S. flows matter.
📊 Why This Is Important
The U.S. market dominates:
Spot ETF flows
Institutional positioning
Large-scale capital rotation
If Coinbase remains discounted for an extended period, it often signals:
• Risk-off positioning
• Reduced aggressive dip buying
• Smart money waiting for confirmation
This isn’t panic selling — it’s controlled distribution.
🔍 Market Context
Even with macro tailwinds like soft CPI, if U.S. spot demand doesn’t return, upside momentum can struggle.
A sustained negative premium suggests:
Liquidity isn’t fully chasing breakouts
Breakouts may face sell pressure
Market could be building supply before the next big move
🎯 What To Watch Next
If the premium flips positive again:
→ Strong U.S. accumulation
→ Momentum confirmation
→ Breakout sustainability improves
Until then, upside may remain capped.
Is this hidden distribution before expansion?
Or just positioning ahead of volatility?
Watch the flows — not the headlines.
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