According to @ki_young_ju, U.S. institutional sentiment has not fully recovered as the hourly Coinbase Premium Index for BTC remains negative, based on CryptoQuant data shared in his update. According to CryptoQuant’s Coinbase Premium Index definition, the metric tracks the price gap between Coinbase and other exchanges such as Binance, and a negative reading indicates weaker U.S. spot demand and relative selling pressure on Coinbase versus offshore venues. According to CryptoQuant’s metric guide and trader usage, market participants monitor a flip to positive on this index as confirmation of returning U.S. bid, while a sustained negative reading can act as a headwind for BTC momentum during U.S. trading hours.

According to @ReetikaTrades, BTC’s price on Coinbase was trending lower at the time of her post, drawing attention to potential US spot-led sell pressure. Source: @ReetikaTrades on X, Nov 14, 2025. When Coinbase underperforms other major venues, the Coinbase Premium Index often turns negative, a condition historically associated with softer US buy-side flow and near‑term downside or muted rebounds during US hours. Source: CryptoQuant, Coinbase Premium Index research (2023); Kaiko, US spot liquidity and cross‑exchange pricing studies (2023). Traders should monitor: 1) Coinbase Premium Index versus Binance/OKX spot benchmarks, 2) cross‑exchange spreads and basis, and 3) BTC perpetual funding rates and open interest to gauge whether spot weakness could spill into derivatives. Source: CryptoQuant, Coinbase Premium Index methodology (2023); Kaiko, cross‑exchange spread and depth reports (2023); Binance Research, perpetual funding rate primer (2022). A flip to a positive Coinbase premium alongside improving order book depth typically signals renewed US dip‑buying and potential short‑term support for BTC. Source: CryptoQuant, premium‑flow studies (2023); Kaiko, BTC order book depth analyses (2023).

According to @OnchainLens, BlackRock deposited 1,271 BTC, valued at approximately $134.67 million, into Coinbase on Nov 10, 2025, with the wallet attribution flagged under the BlackRock entity on Arkham Intelligence (source: @OnchainLens; Arkham Intelligence). The notional size implies roughly $106,000 per BTC based on the reported figures, highlighting a whale-scale transfer that can influence near-term liquidity on spot venues (source: @OnchainLens). Large BTC exchange inflows have historically coincided with increased sell-side liquidity and short-term downside risk, which traders monitor through exchange netflows and order-book signals (source: Glassnode Insights; CryptoQuant Exchange Netflows). Given the destination is Coinbase, traders often track the Coinbase Premium Index and spot-derivatives basis for US-led flow shifts following such deposits (source: CryptoQuant; Kaiko). An on-chain deposit does not confirm immediate selling, and entity labeling relies on heuristic attribution that can carry uncertainty, so execution evidence should be verified via subsequent exchange data (source: Arkham Intelligence; Glassnode Methodology).

According to the source, BTC fell below 100K as the Coinbase Premium hit a 7-month low, suggesting softer US spot demand while some traders view the extreme discount as a potential bottom signal (source: the source). Historically, a low or negative Coinbase Premium indicates Coinbase prices lag offshore venues and aligns with weaker US bid in the short term, making it a useful flow gauge for BTC price action (source: CryptoQuant). Traders typically confirm any bottom thesis by watching a rebound in the Coinbase Premium Index alongside BTC funding rates and order-book imbalance to verify returning US buy-side liquidity (source: CryptoQuant; source: Kaiko). US spot Bitcoin ETF net flows provide an additional confirmation of US demand and can validate or contradict the premium signal during high-volatility periods (source: Farside Investors).