Signals from Coinbase’s institutional-facing venues diverged again on Thursday, with Bitcoin (BTC) flows flipping back to net outflows on Coinbase Advanced while the widely watched ‘Coinbase premium’ stayed in negative territory—an indication that U.S.-based spot demand remains muted even as market participants monitor liquidity conditions. According to CryptoQuant data for July 3 (UTC), Coinbase Advanced posted a netflow of -571 BTC (preliminary).
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