Bitcoin's widely tracked Coinbase Premium turns negative as realized losses spike to $6 billion
Bitcoin's Coinbase Premium turned negative this week for the first time since early April, signaling weakening U.S. demand as realized losses spiked to $5.97 billion. The metric, tracking dollar-denominated flows through the U.S. exchange, indicates American investors are selling more aggressively than buying. Holders bought at higher prices, using the April bounce near $78,000 to exit positions rather than accumulate further.
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