According to CryptoQuant (crypto market data provider), a negative Coinbase Premium Gap points to stronger selling pressure and weaker buying activity on Coinbase.
American investors are actively selling Bitcoin, according to CryptoQuant (crypto market data provider), which said the Coinbase Premium Gap fell to -$77. The metric compares Bitcoin prices on Coinbase, a major U.S.-based crypto exchange, with prices on other exchanges. A negative reading typically indicates weaker demand from U.S. buyers and heavier selling pressure on Coinbase. In market analysis, the Coinbase Premium Gap is often used as a proxy for sentiment among American investors because Coinbase has a large U.S. user base.