Coinbase Premium Turns Negative as Bitcoin Slips

[nihalsari]

Bitcoin dropped to $103,500 on Friday, pushing the Coinbase Premium Index into negative territory for the first time in weeks. The premium, which measures BTC demand from U.S. investors, had recently spiked near $110,000 but faded after rejection at $112,370 — a key short-term holder level. Analysts warn continued weakness could accelerate a retest of the $100,000 mark.

[Nahid10]

The negative Coinbase premium shows retail sentiment cooling down amid market uncertainty.

[EmTeam]

Institutional demand appears to be on hold as traders await macro clarity before re-entry.