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Bitcoin Coinbase Premium turns negative as BTC price drops, showing a red chart with realized losses of $829 million.

Bitcoin Coinbase Premium Turns Negative as BTC Price Drops, Triggering $829M in Weekly Realized Losses

May 7, 2026 Jackson Miller

Bitcoin’s Coinbase Premium has turned negative for the first time in three weeks. The index dropped to -0.008, signaling a sharp reduction in US spot market demand. This shift aligns with a BTC price drop that has pushed weekly realized losses to $829 million. Data from CryptoQuant shows the negative reading held across hourly intervals […]