Bitcoin · Coinbase · Federal Reserve (FED) · Kevin Warsh · Bitcoin.com News
Key Takeaways The index dropped to -0.085% on May 22, its monthly low, per Coinglass
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Bitcoin traded at $74,500 at publication, down over 4% for the week, with $1.3B in ETF outflows adding further pressure.
Key facts
- Bitcoin traded at $74,500 at publication, down over 4% for the week, with $1.3B in ETF outflows adding further pressure
- Moreover, with bitcoin trading at $74,500, nearly 38% below its all-time high, conditions seem to be deteriorating further, with $209 million in long liquidations hitting the market in a single
- Key Takeaways The index dropped to -0.085% on May 22, its monthly low, per Coinglass
- The Coinbase bitcoin premium, an index measuring the price difference between bitcoin traded on Coinbase (used predominantly by U.S. institutional investors) and bitcoin traded on Binance (the
Summary
The Coinbase bitcoin premium index has fallen to its lowest level in a month, with analysts warning that intensified institutional selling is adding significant weight to BTC ’s near-term price outlook. Key Takeaways The index dropped to -0.085% on May 22, its monthly low, per Coinglass. Data shows institutional selling on Coinbase has intensified as macro uncertainty is driving hedging.