{"id":25661,"date":"2025-07-29T17:30:38","date_gmt":"2025-07-29T14:30:38","guid":{"rendered":"https:\/\/forklog.com\/en\/coinbase-premium-signals-waning-bitcoin-interest-in-the-us\/"},"modified":"2025-07-29T17:30:38","modified_gmt":"2025-07-29T14:30:38","slug":"coinbase-premium-signals-waning-bitcoin-interest-in-the-us","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-premium-signals-waning-bitcoin-interest-in-the-us\/","title":{"rendered":"Coinbase Premium Signals Waning Bitcoin Interest in the US"},"content":{"rendered":"<p>The indicator of institutional demand for Bitcoin in the US has turned negative for the first time since May. This suggests a weakening of buying pressure and a potential market correction, noted <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/29\/bitcoin-demand-shift-coinbase-s-60-day-btc-premium-streak-is-at-risk\">CoinDesk<\/a> analyst Omkar Godbole.<\/p>\n<p>This refers to the Coinbase premium\u2014the price difference between the BTC\/USD pair on this exchange and Binance. A positive value indicates high demand from American investors, including large funds. Previously, the premium had remained positive for over 60 consecutive days, marking the longest such period in history.<\/p>\n<p>Data from Glassnode confirms the market&#8217;s cooling.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF inflows dropped 80% last week.<\/p>\n<p>But derivatives positioning remains elevated and on-chain data shows nearly all <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> supply is still in profit.<\/p>\n<p>This week\u2019s Market Pulse unpacks the shifting balance of conviction across market participants: <a href=\"https:\/\/t.co\/4LBrKjNh0f\">https:\/\/t.co\/4LBrKjNh0f<\/a> <a href=\"https:\/\/t.co\/NavS6wo7nI\">pic.twitter.com\/NavS6wo7nI<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1950093384397295725?ref_src=twsrc%5Etfw\">July 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Last week, inflows into spot Bitcoin ETFs fell by 80%. On-chain metrics also declined: the number of active addresses decreased by 2.4%, and transfer volumes dropped by 23%.<\/p>\n<p>Meanwhile, nearly 97% of circulating Bitcoins remain in profit. This creates a risk of investors cashing out if the market weakens further.<\/p>\n<h2 class=\"wp-block-heading\">Positive Trends in Altcoins<\/h2>\n<p>The decline in interest in Bitcoin is accompanied by a capital shift to altcoins. According to Bitfinex, Ethereum&#8217;s dominance in open interest rose from 17% to 26%, while Bitcoin&#8217;s fell from 51% to 41%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin rebounded from a sharp 5% drop last week, defending short-term lows at $114,800.<br \/>Over $1.1B in longs were liquidated \u2014 revealing just how overheated the market had become.<\/p>\n<p>Speculation cooled\u2026 but is leverage already back on the rise?<a href=\"https:\/\/t.co\/3dBC91w0pk\">https:\/\/t.co\/3dBC91w0pk<\/a> <a href=\"https:\/\/t.co\/TODF4IV5rc\">pic.twitter.com\/TODF4IV5rc<\/a><\/p>\n<p>\u2014 Bitfinex (@bitfinex) <a href=\"https:\/\/twitter.com\/bitfinex\/status\/1949837915544019158?ref_src=twsrc%5Etfw\">July 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Total open interest in leading altcoins has increased from $26 billion to $44 billion over four weeks.<\/p>\n<p>Godbole <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/28\/bitcoin-volatility-alert-vix-s-bullish-august-seasonality-points-to-big-price-swings\">warned<\/a> that the growth of speculative leveraged positions in altcoins makes the market vulnerable. This increases the likelihood of cascading liquidations in the event of a sharp price change.<\/p>\n<p>The situation could be exacerbated by rising volatility in the stock market. The CBOE Volatility Index (VIX), often referred to as the &#8220;fear index,&#8221; historically spikes in August. Turbulence on Wall Street could affect the digital asset market, the expert believes.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdKoDIzXddMoK81cxWzc4Z-lcx-_vOvNS3NpXBJNH5gbfsQ_28CXug6IoqEKo-6iKXrKR47dD7G54oDLhzuPfDQ2ytIvxCssZ_5nfzLCExUf6-EM8oiJ_kEx4BFfmtjXYKV3Lgqjw?key=ROwCJLElkGGHko--de091A\" alt=\"Coinbase Premium Signals Waning Bitcoin Interest in the US\"\/><figcaption class=\"wp-element-caption\">VIX Seasonality. Source: <a href=\"https:\/\/www.barchart.com\/stocks\/quotes\/$VIX\/seasonality-chart\">Barchart<\/a>.<\/figcaption><\/figure>\n<p>Earlier, Godbole <a href=\"https:\/\/u1f987.com\/en\/news\/technical-analyst-warns-of-bitcoins-waning-bullish-momentum\">stated<\/a> that Bitcoin&#8217;s bullish momentum was waning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The indicator of institutional demand for Bitcoin in the US has turned negative for the first time since May. This suggests a weakening of buying pressure and a potential market correction, noted CoinDesk analyst Omkar Godbole. This refers to the Coinbase premium\u2014the price difference between the BTC\/USD pair on this exchange and Binance. A positive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,138,1145,26],"class_list":["post-25661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinbase","tag-market-analysis","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25661"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25660"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}