Institutional investors are likely looking to de-risk from Bitcoin (CRYPTO: BTC) as the premium on Coinbase Global Inc (NASDAQ: COIN) turns negative.
What Happened: According to CryptoQuant, hourly data shows that the Coinbase Price premium indicator flipped negative on May 2.
Usually, there is a @coinbase premium. However, in the latest few days it’s negative. This indicates heavy selling on @coinbase …
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