The Coinbase Premium metric, which tracks U.S. spot demand, turned negative for the first time since early April this week, indicating reduced buying interest in Bitcoin within the U.S. market. On-chain data shows that on April 24, when Bitcoin’s price neared $78,000, holders realized losses of approximately $5.97 billion, suggesting some investors took advantage of the price rebound to exit the market. Bitcoin has now fallen below $76,000, and analysts are monitoring whether realized losses are decreasing.
Coinbase Premium Turns Negative, BTC Realized Losses Reach $597M
AiCoinShare
Summary
On-chain data shows that the Coinbase Premium turned negative this week for the first time since early April, indicating weaker demand for BTC in U.S. markets. The BTC price fell below $76,000 after on-chain data revealed $597 million in realized losses on April 24, as some investors took profits during the rebound. Analysts are now monitoring for signs that losses may be declining.
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