Coinbase Premium Gap Hits Lowest Level Since 2024

Crypto News Cryptocurrencies

Coinbase Premium Gap Hits Lowest Level Since 2024, Signals Weak Demand

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 05, 2026

Key Takeaways

The Coinbase Premium Gap fell to -167.8 and shows lower institutional demand on Coinbase compared to Binance;
Analyst Darkfost said institutions sell more Bitcoin on Coinbase, which pushes its price below Binance;
Uncertain market conditions make investors cautious and reduce large Bitcoin trades on Coinbase.

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Coinbase Premium Gap Hits Lowest Level Since 2024, Signals Weak Demand

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CryptoQuant analyst Darkfost reported that the price difference between Bitcoin BTC $63,531.87 on Coinbase $4.7B and Binance $19.62B has reached its lowest level in more than a year.

This difference, known as the Coinbase Premium Gap, measures how Bitcoin’s price on Coinbase compares to its price on Binance.

When the gap turns negative, it means Bitcoin is trading cheaper on Coinbase. According to Darkfost, this shows that large investors and institutions, who usually trade on Coinbase, are likely selling more actively than usual.

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He explained in a post on X, “The selling pressure is intensifying on the institutional side. In other words, selling pressure coming from institutional players has intensified, pushing the price lower and creating a negative gap".

Data from CryptoQuant shows that the Coinbase Premium Gap has fallen to -167.8, the weakest point since December 2024.

A negative and declining number suggests that bigger traders are offloading their Bitcoin at lower prices and that overall activity on Coinbase is slowing down.

Darkfost added that the current environment is uncertain and not favorable for risky investments. Because of this, investors are less willing to take big positions in assets like Bitcoin, which are known for price swings.

The analyst pointed out that such conditions often make institutional investors more cautious and less active in the market.

Galaxy’s Alex Thorn recently warned that Bitcoin could dip toward $56,000 as upside drivers remain weak. What did he say? Read the full story.