---
title: "Bitcoin Coinbase Premium Crashes to -$90, What Does It Mean?"
description: "Bitcoin has been in the red for four weeks, dropping to $88,483. The Coinbase Premium Gap fell to -$90, indicating strong U.S. selling pressure. ETF flows turned net negative for three weeks, with Bla"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/266776306.md"
published_at: "2025-11-20T15:23:00.000Z"
---

# Bitcoin Coinbase Premium Crashes to -$90, What Does It Mean?

> Bitcoin has been in the red for four weeks, dropping to $88,483. The Coinbase Premium Gap fell to -$90, indicating strong U.S. selling pressure. ETF flows turned net negative for three weeks, with BlackRock's iShares Bitcoin Trust seeing $523 million in outflows. Bitcoin ETFs are down $3.98 billion from their peak. A negative Coinbase Premium suggests selling pressure and reduced risk appetite among investors.

Bitcoin has been in the red for four straight weeks. Bitcoin extended its drop from late October, reaching a low of $88,483 this week, to print four red weekly candles. The drop has caused a loss of crucial weekly support, the weekly MA 50 at $102,749.

As a result, the Coinbase Premium Gap dropped as low as -$90, according to CryptoQuant, a sign of strong selling pressure in the U.S.

According to CryptoQuant, selling continues to dominate in the American session. Cumulative trading returns during U.S. hours are negative for the entire month, while Europe and APAC remain flat or slightly positive.

> Bitcoin has been red for four straight weeks.
> 
> The Coinbase Premium Gap dropped as low as -$90, which is a sign of strong U.S. selling pressure.
> 
> Here’s the key data behind the U.S. investor sell-off 👇 pic.twitter.com/V9liGZmmcs
> 
> Nov 19, 2025

This has resulted in ETF flows turning net negative for three consecutive weeks as outflows continue to weigh on the BTC spot market. Investors pulled more than half a billion dollars from BlackRock's iShares Bitcoin Trust, the largest single-day outflow since the fund’s debut. BlackRock saw $523 million in outflows from the exchange-traded fund on Tuesday, marking the fifth straight day of net outflows and its highest on record.

Bitcoin ETFs are now down $3.98 billion from their all-time high, which is the second-largest drawdown since launch, as the BTC ETF realized price sits at $86,586.

**What it means**

The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin traded on top U.S. exchange Coinbase and the global market average. It marks a key indicator of capital flows, institutional activity and market sentiment.

A negative premium suggests Bitcoin is trading for less on Coinbase. This might indicate selling pressure on the market and waning risk appetite among investors.

### Related Stocks

- [COIN.US - Coinbase](https://longbridge.com/en/quote/COIN.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 數字黃金、未來支付、投機之選？比特幣的 “敍事” 在 “信仰巔峯” 逐個崩塌 | 賦予比特幣引力的故事——數字黃金、自由貨幣、投機功能正在同時瓦解，代幣化、區塊鏈驅動的衍生品和跨境穩定幣支付正在成為可信的用例，而這些都不需要比特幣參與。同時，黃金和白銀今年上演了波動性反彈，而加密貨幣只是下跌。此外，比特幣對投機文化的掌控 | [Link](https://longbridge.com/en/news/276523166.md) |
| 這一次幣圈寒冬，底層基建沒有崩 | 儘管比特幣遭遇拋售，但底層基礎設施沒有崩塌：交易所運轉正常、託管機構償付能力良好，機構買家堅守陣地，比特幣 ETF 資產被穩健持有，自由交易供應量減少。伯恩斯坦分析師認為，當前只是 “信心危機”。 | [Link](https://longbridge.com/en/news/277047307.md) |
| 美以空襲伊朗，美方稱 “規模比去年六月大得多”，目標是推翻伊朗政權 | 美以聯手大規模空襲伊朗，目標直指推翻政權！伊朗迅即發動導彈反擊，中東火藥桶徹底引爆。全球市場聞聲劇震：比特幣閃崩跌破 6.4 萬美元，德黑蘭股市緊急停牌，OPEC+ 醖釀擴大增產，避險風暴一觸即發！ | [Link](https://longbridge.com/en/news/277280624.md) |
| 關鍵事實：比特幣 ETF 吸引了 2.58 億美元的資金流入，價格因需求增加而上漲 | 美國上市的比特幣 ETF 在結束了五週的資金流出後，獲得了 2.58 億美元的淨流入。富達的基金吸引了 8300 萬美元，而黑石的 ETF 則帶來了 7900 萬美元。比特幣的價格最近上漲，原因是針對 Jane Street 的內幕交易訴訟 | [Link](https://longbridge.com/en/news/276958410.md) |
| 比特幣暴跌逾 50% 後「底部」或已臨近？FED 降息次數成關鍵！ | 比特幣自歷史高位下跌逾 50%，市場分歧加劇，近期再遭猛烈拋售，價格一度跌破 6.6 萬美元。全球爆倉人數達 148859 人，總金額 4.67 億美元。儘管市場擔憂量子電腦可能破解比特幣安全，但 CoinShares 報告稱並非迫在眉睫的 | [Link](https://longbridge.com/en/news/275853783.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.