Bitcoin (BTC) flows on Coinbase—often used as a proxy for U.S. institutional positioning—flashed a mixed signal on Wednesday, with the exchange shifting to net outflows even as the Coinbase price premium turned positive, suggesting pockets of buy-side demand alongside heightened portfolio repositioning. According to CryptoQuant data for April 9 (UTC, incomplete), Bitcoin netflow on Coinbase Advanced came in at -188 BTC, marking a sharp swing from the prior session’s +4,155 BTC net inflow.
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