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Benzinga
Benzinga
Business
Samyuktha Sriram

Coinbase Premium Turns Negative: What This Means For Bitcoin

Bitcoin BTC Nasdaq CryptoQuant

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.

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