Bitcoin Demand Weakens, Coinbase May Lose Premium

1. Bitcoin Demand On Coinbase Is Weakening

Coinbase, one of the largest U.S. crypto exchanges, has maintained a BTC premium (Bitcoin trading above the global average) for 60 consecutive days. This indicated strong buying pressure from American investors.

However, recent data shows this premium is fading. The price gap between Coinbase and international exchanges has narrowed, sparking concerns that the 60-day streak may soon end.

2. Factors Behind The Decline In Bitcoin Demand

Several factors have contributed to the weakening demand on Coinbase:

   • Profit-taking near $110,000: Many investors sold BTC at high levels, reducing buy-side momentum.

   • Capital shifting to international exchanges: Lower fees and higher liquidity attracted funds away from Coinbase.

   • Whale selling activity: Large wallets increased BTC sell orders in recent days.

   • U.S. financial policy effects: Higher interest rates and economic uncertainty dampened risk appetite for Bitcoin.

3. Impact On Bitcoin Price And The 60-Day Premium Streak

The 60-day premium on Coinbase not only reflects investor sentiment but also impacts BTC’s price trend. Strong demand typically supports price stability or upward movement.

As the premium shrinks, selling pressure grows and local demand weakens. If this continues, the premium streak could end, making BTC more vulnerable to corrections toward $102,000 – $105,000.

4. On-Chain Data And Capital Flows

On-chain metrics reinforce this outlook:

   • BTC outflows from Coinbase rose 8% week-over-week.

   • Inflow to international exchanges climbed 12%, notably to Binance and OKX.

   • Whale transactions (>1,000 BTC) increased 10%, mostly sell-related.

   • Bitcoin ETFs still attract inflows, though at a slower pace.

These signals point to a temporary supply-demand imbalance for Bitcoin on Coinbase.

5. Bitcoin 2025 Price Outlook – Risks And Opportunities

Analysts believe this demand weakness is temporary. Bitcoin remains in a long-term bullish cycle, supported by:

   • Expansion of Bitcoin ETFs.

   • Steady institutional demand.

   • Post-halving supply reduction effects.

In the short term, BTC may test support levels at $102,000 – $105,000 before regaining momentum. If Coinbase demand and the premium recover, BTC could rally to $120,000 – $125,000 in 2025.

6. Short-Term Bitcoin Demand Decline

The weakening Bitcoin premium on Coinbase is a critical signal to watch. While short-term corrections are possible, BTC’s long-term outlook remains bullish thanks to institutional inflows and supply constraints.