Analysis: Coinbase premium falls to monthly low as institutional selling pressure intensifies.

CoinFeed reported on May 22 that, according to Cointelegraph, the Coinbase premium, a key metric for measuring institutional participation in the crypto market, has fallen into deeper negative territory, indicating increased selling pressure from institutions. The premium has been mostly negative since the end of April, accelerating its decline over the past seven days, reaching its lowest point this month at -0.0983% on May 21. CryptoQuant analyst Darkfost stated that the recent intensification of institutional selling pressure suggests that institutional and professional investors trading on Coinbase Advanced are selling more aggressively than those on Binance. Since May 14, US spot Bitcoin ETFs have seen net outflows for four consecutive trading days, totaling $1.3 billion. Open interest in Bitcoin futures and perpetual contracts has decreased by approximately $1.5 billion this week.