Recent market data shows increasing selling pressure on Bitcoin from U.S.-based entities, with the Coinbase Bitcoin Premium Index turning sharply negative.
The indicator, which tracks the price difference between Coinbase and offshore exchanges, is often used to measure demand from U.S. investors and institutions. A negative premium typically suggests stronger selling activity or weaker spot demand in the United States.
Bitcoin experienced heightened volatility as traders reacted to macroeconomic concerns, rising bond yields, and shifting expectations around interest rate policy. Analysts are closely monitoring whether institutional demand can stabilize the market in the coming sessions.