Coinbase Bitcoin Premium Drastically Drops to -$90, What’s the Impact?

Updated

November 21, 2025

Gambar Coinbase Bitcoin Premium Drastically Drops to -$90, What’s the Impact?

Jakarta, Pintu News – Bitcoin has experienced four consecutive weeks of decline, bottoming out this week at $88,483. This decline has caused Bitcoin to miss critical weekly support, namely the 50-week Moving Average which sits at $102,749. As a result, Coinbase’s premium gap dropped dramatically to -$90, indicating strong selling pressure in the United States market.

Coinbase Premium Drop Analysis

The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin traded on the leading US exchange, Coinbase, and the global market average. A negative premium, which in this case falls below 0, indicates that the price of Bitcoin on Coinbase is lower than the global market.

This is an indicator of strong selling pressure, especially in the US market, reflecting investors’ reduced risk appetite. This negative premium also reflects reduced institutional activity and capital flows.

Investors seem to be pulling back from the market, which is evident from the negative net fund flows on Bitcoin ETFs for the third consecutive week. More than half a billion dollars have been withdrawn from BlackRock’s iShares Bitcoin Trust, which is the largest single-day withdrawal since the fund’s debut.

Also Read: 4 Bitcoin Indicators that Triggered the Market Rally Reappear!

Impact on Markets and ETFs

Bitcoin has been red for four straight weeks.

The Coinbase Premium Gap dropped as low as -$90, which is a sign of strong U.S. selling pressure.

Here’s the key data behind the U.S. investor sell-off 👇 pic.twitter.com/V9liGZmmcs
— CryptoQuant.com (@cryptoquant_com) November 19, 2025

Large withdrawals from ETFs, particularly from BlackRock’s iShares Bitcoin Trust, have created additional pressure on the BTC spot market. BlackRock experienced $523 million in withdrawals in just one day, and this is the fifth consecutive day of outflows.

The Bitcoin ETF is now down $3.98 billion from its highest peak, marking the second-largest drop since its launch. This decline not only affects investors directly involved with the ETF, but also raises broader concerns in the cryptocurrency market. With the BTC ETF’s realized price sitting at $86,586, investors may see this as a negative indicator for the market’s short-term outlook.

Future Market Outlook

With the dominance of selling during the American trading session, and the continuous negative ETF fund flows, the market may still face more selling pressure. This analysis is important for investors trying to understand the current market dynamics and how it may affect their investments in the future.

In addition, timing differences and market reactions in different regions such as Europe and Asia Pacific, which remained flat or slightly positive, suggest that selling pressure may be more localized in the United States. Global investors need to consider these regional dynamics when planning their investment strategies.

Conclusion

Coinbase’s premium decline and negative ETF fund flows are important indicators that should not be ignored. Investors should take these trends as a signal to re-evaluate their positions in the Bitcoin market, especially in the face of possible volatility.

Also Read: 5 Shocking Facts: This US Congressman Secretly Bought IDR 41 Billion in Bitcoin!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Q1: What is the Coinbase Bitcoin Premium Index?

A1: The Coinbase Bitcoin Premium Index is a measure of the price difference between Bitcoin traded on Coinbase, a leading US exchange, and the global market average.

Q2: Why can Coinbase premium be negative?

A2: A negative premium indicates that the price of Bitcoin on Coinbase is lower compared to global markets, which often reflects strong selling pressure in those markets.

Q3: How many funds were withdrawn from BlackRock’s iShares Bitcoin Trust?

A3: More than half a billion dollars, $523 million to be exact, was withdrawn from BlackRock’s iShares Bitcoin Trust in a single day.

Q4: What impact will ETF withdrawals have on the Bitcoin market?

A4: ETF fund withdrawals create selling pressure in the Bitcoin spot market, which could affect the overall Bitcoin price and raise concerns among investors.

Q5: What is the outlook for the Bitcoin market going forward given the current conditions?

A5: With continued selling pressure and negative ETF fund flows, the market may still face volatility. Investors are advised to monitor market developments and adjust their strategies accordingly.