The Coinbase Premium Gap, tracking Bitcoin price difference between Coinbase and Binance, hits a year low, indicating weaker demand on Coinbase. The gap sits at -167.8, lowest since December 2024, suggesting whales are selling at lower premiums. Spot ETFs offload 10,600 BTC, creating a 56,000 BTC demand gap from 2025, contributing to selling pressure. Bitcoin price falls to a 15-month low below $71,000 amid $1.2 billion outflows.

Read more at CoinTelegraph: Coinbase Premium Hits Yearly Lows Amid Institutional Selloff