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Breaking News: Cantor Fitzgerald Projects Major Growth For Hyperliquid (HYPE) In Explosive New Report

Bitcoin Coinbase Premium Gap Enters Deep Red Zone — Impact On Price?

Opeyemi Sule
Opeyemi Sule
Last Updated: November 2, 2025 5:00 pm
2 mins read
Bitcoin

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The price of Bitcoin closed the historically bullish month of October on a loss for the first time in seven years. While the month started in typical fashion—on a bullish tear, the intense downturn didn’t begin until October 10, when US President Donald Trump threatened new trade tariffs on China.

Now, although the United States and China seem to have found a temporary truce, the cryptocurrency market has been unable to find similar relief. In fact, the latest on-chain data suggests that US investors are still less optimistic about the digital asset market, specifically Bitcoin.

Negative Coinbase Gap Premium Coincides With Massive ETF Outflows 

In a November 1st post on social media platform X, crypto analyst Maartunn revealed that the world’s largest cryptocurrency has seen extremely low demand in the United States in recent days. The relevant indicator here is the Coinbase Premium Gap, which has entered a deep red territory in the past few days.

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This on-chain metric measures the difference between the Bitcoin price on the US-based Coinbase exchange (USD pair) and the global Binance exchange (USDT pair). A positive difference indicates that the flagship cryptocurrency has a higher value on Coinbase than on Binance.

When the Coinbase Premium Gap is positive, it implies that US-based investors are purchasing Bitcoin aggressively. On the flip side, a negative Coinbase Premium Gap typically indicates heavy selling pressure for the market leader.

Bitcoin
Source: @JA_Maartunn on X

According to data highlighted by Maartunn, this on-chain metric is back around -$80, reflecting significant selling pressure from the US institutional players. This reduced demand can be seen with the disappointing performance of the US-based spot Bitcoin exchange-traded funds (ETFs) in recent days.

Data from SoSoValue shows the Bitcoin ETFs registered a total net outflow of more than $191 million on Friday. This marked the third consecutive day of negative outflows, having seen withdrawals of nearly $500 million each on Wednesday and Thursday.

From a historical perspective, a negative Coinbase Premium Gap is often correlated with periods of sluggish or downward movement for the BTC price. Hence, with the current intense selling pressure from large US investors, it is difficult to see the premier cryptocurrency making a strong recovery in the coming days.

Bitcoin Price At A Glance

As of this writing, the price of BTC sits just above $110,200, reflecting a measly 0.9% jump in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down exactly 1% in the last seven days.

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The price of BTC on the daily timeframe | Source: BTC chart on TradingView
Featured image by Dall-E, chart from TradingView
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Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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