Coinbase Premium Index is sitting deep in the red.

That means $BTC is trading at a discount on Coinbase compared to other exchanges US spot demand is weak right now.

When the premium is positive → US buyers are aggressive.

When it’s negative → selling pressure dominates.

Right now we’re seeing consistent negative premium while price chops around 65–70k.

This tells us:

• Institutions/US spot flow not stepping in strongly

• Demand is not aggressive

• Market lacks conviction

If the premium flips back above 0 and holds, that’s usually an early sign of real buying pressure returning.

Until then, rallies may stay limited.

#HarvardAddsETHExposure #WhenWillCLARITYActPass

BTC

68,014.14

-0.02%