Key Insights:
- The Coinbase Bitcoin premium, at -16.9, suggested that U.S. investors are not accumulating on the recent BTC dip.
- Bitdeer dropped its Bitcoin corporate treasury to zero after selling over 1,134 BTC in one week.
- Crypto market extends bearish trend as Fear & Greed Index dropped to the lowest level in history.
The Coinbase Bitcoin premium index extended its negative trend into the new week, suggesting a cautious outlook among U.S. investors. The recent Bitdeer decision to sell a huge portion of its Bitcoin (BTC) holdings has also sparked concerns within the community.
Coinbase Bitcoin Premium Slips Negative
Onchain analyst IT Tech on X highlighted in a recent post that the Coinbase Bitcoin premium index has sustained its negative trend. This is a sign of strong selling pressure in the U.S. According to the analyst, the metric dropped to -16.9, as selling continued to dominate in the American session.
Recent reports showed the Coinbase Bitcoin premium has continued to hit new lows since January 2026.
IT Tech explained that the negative trend means U.S. investors are not aggressively accumulating BTC during price dips. Rather, they are watching on the sidelines, awaiting the next big move for the leading coin.
Simply put, the Coinbase Bitcoin premium measures the price difference between Bitcoin on Coinbase and other exchanges like Binance.
A positive value means BTC trades higher on Coinbase, meaning strong U.S. buying demand, especially from institutions. Conversely, a negative premium indicates BTC trades lower on Coinbase, which is weaker U.S. demand and selling pressure.
Analyzing the current BTC market trend, IT Tech noted that the Coinbase Premium must flip positive before renewed U.S. institutional inflows are confirmed.
The analyst added that even inflows from spot Bitcoin exchange-traded funds (ETFs) do not confirm a bottom if the premium remains negative. What IT Tech is essentially saying is that BTC bearishness will continue until the Coinbase Premium flips positive.
Bitdeer Offloads 1,134 BTC
A recent Bitcoin sale by Bitdeer has further added to the ongoing sell pressure in the Bitcoin market. Bitdeer, a Bitcoin mining and AI Cloud operating firm, announced it sold over 1,134 BTC in one week. At the current market price, these coins are valued at about $75.16 million.
Following these sales, Bitdeer dropped its corporate BTC treasury to zero, excluding customer deposits. This Bitcoin news quickly sparked reactions within the crypto community, with many raising concerns about implications for the BTC price.
In a new X post, Bitdeer addressed market concerns and pushed back against bearish interpretations. Bitdeer explained that the BTC sales are a deliberate, strategic choice, not a forced liquidation or sign of weakness.
The firm added that it is currently evaluating multiple non-binding powered land acquisition opportunities. Considering their acquisition plans, Bitdeer prefers converting its BTC into cash liquidity to secure these deals quickly.
Bitdeer Technologies also reassured its shareholders that it is not moving away from Bitcoin mining. The firm said it will continue to grow its hashrate and produce more BTC via mining.
Along with Coinbase News, Fear & Greed Index Draws Attention
The negative Coinbase Bitcoin premium and BTC sales by Bitdeer come amid extended low levels seen in the Crypto Fear and Greed Index. CryptoQuant analyst Joao Wedson highlighted that the Crypto Fear and Greed Index dropped to its lowest level in history.
Specifically, the index dropped to an extreme fear zone at 5. This is the same level recorded in 2019, the lowest reading ever recorded in its history. The fear in the broader crypto market is heavily seen in the price movement of top cryptocurrencies, including BTC.
After peaking at a new high around $126,000 in late 2025, BTC is trading around $66,000. Over the past 24 hours, the BTC price dropped by 2.7% and 3.09% on the weekly chart.
However, retail investor interest is high, as indicated by the surging trading volume. In the last 24 hours, this metric increased by 122.7% to $37.7 billion. It also drew users’ attention along with the Coinbase Bitcoin premium.