Don't blindly buy the dip in Bitcoin! This record-breaking negative premium signal has been active for 33 days

Here's something in the recent market that retail investors often overlook but directly determines the market trend:
Coinbase's Bitcoin spot negative premium
Has been negative for a full 33 trading days
Breaking the longest consecutive negative record since May 2023

Many newcomers might not have a clear idea about this data, so let me explain it thoroughly
Coinbase is the absolute leader in compliant crypto trading in the US
And it’s the main battleground for Wall Street institutions and dollar-compliant funds trading Bitcoin
The platform’s price has been consistently discounted relative to the global average, forming a negative premium
Essentially, it’s one sentence: main institutional funds in the US
At this price level, buying interest has dropped to a freezing point
And they are even continuously cashing out
Completely losing the momentum they had when the spot ETF was launched.

Don’t think this is just a small price difference between platforms,
Its impact on the entire Bitcoin market is far deeper than you might imagine
First and foremost, the core momentum driving the market upward has been completely locked down.

This round of Bitcoin’s big rally
Is essentially driven by institutional incremental funds brought in by the US spot ETF
The main battleground’s buying activity has gone silent
Forget about a large-scale bull market
Even a decent rebound is hard to sustain

You probably also feel it—recently, the market keeps rallying then pulling back
Especially during US stock trading hours, where sudden sell-offs happen without support
The fundamental reason is that institutional funds have no willingness to buy
The market is entirely supported by retail and arbitrage funds, which lose strength at key resistance levels

Before Coinbase’s negative premium significantly narrows or even turns positive
Don’t blindly hold heavy positions to buy the dip, and don’t bet on a one-sided rise
Manage your positions carefully, and patiently wait for clear signals from institutional funds
That’s ten times better than your reckless trading

How long do you think this negative premium will last? Share your thoughts in the comments section