Bitcoin $78,000 Rebound Fizzles As Coinbase Premium Stays Red

Data shows the Bitcoin Coinbase Premium Index remained at negative levels despite the rebound in BTC’s spot price back toward $78,000. Bitcoin Coinbase Premium Gap Points To Selling Pressure From US Traders As pointed out by analyst Axel Adler Jr in an X post, the Bitcoin Coinbase Premium Index has been inside the negative territory recently. This indicator tracks the percentage difference between the BTC spot price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin ETF Inflows Are Underperforming In 2026, Data Shows In short, what this metric tells us about is how the trader’s buying and selling behaviors compare between Coinbase and Binance. Below is the chart shared by Adler Jr that shows the trend in the Bitcoin Coinbase Premi...