The Coinbase Premium Gap, which measures the disparity in Bitcoin prices between Coinbase and Binance, has recently reached its lowest threshold in over 365 days. Analysts interpret this decline as an indication of weakened demand in venues associated with institutional trading.

Analyst Darkfost remarked:

“The selling pressure is intensifying on the institutional side.” (Translation: Selling by institutional players has increased, leading to price reductions and a negative gap.)

The current Coinbase Premium Gap stands at -167.8, the lowest since December 2024, according to CryptoQuant’s insights. Patterns indicate that whale investors are offloading Bitcoin at a lower premium, highlighting a reduced interest from Coinbase investors.

The latest statistics also reveal that institutional demand has significantly declined, with US Bitcoin ETFs turning into net sellers, differing starkly from last year when they acquired substantial amounts of BTC. This results in a staggering demand gap of 56,000 BTC as compared to 2025. In just one week, these ETFs have experienced a massive $1.2 billion outflow, coinciding with Bitcoin’s drop to a 15-month low below $71,000.

In summary, the climate remains extremely volatile and cautious, discouraging significant risk investments in Bitcoin, a traditionally unpredictable asset.