Institutional sentiment in Bitcoin (BTC) appears to be softening again as a widening negative ‘Coinbase premium’ coincides with a sharp pullback in Coinbase Prime trading activity—signals closely watched as a proxy for U.S.-led demand. Data from CryptoQuant shows that on May 27 UTC, netflows on Coinbase Advanced—a venue often associated with higher ‘institutional participation’—turned positive at +519 BTC.
Source: Read the original article
