Bitcoin Falls to ~$67K; Liquidations Explode as DXY Rises — Bitwise CIO Sees Recovery Ahead

first published 2026-02-05T02:23:33Z

The Coinbase Premium Gap (Coinbase BTC/USD vs Binance BTC/USDT) dropped to -167.8, its lowest reading since December 2024, indicating intensified institutional selling and lower Coinbase activity. The gap has declined since a mid‑October downturn and accelerated in the past week. CryptoQuant also reports US spot Bitcoin ETFs were net sellers in 2026 (offloading ~10,600 BTC), leaving a ~56,000 BTC demand gap versus 2025; spot ETF outflows totaled $1.2 billion over the past week as BTC fell below $71,000.

AI Analysis

The Coinbase Premium Gap reached -167.8 (lowest since Dec 2024), which CryptoQuant and an analyst attribute to increased institutional selling and reduced Coinbase activity; the metric has trended down since mid‑October and accelerated recently. CryptoQuant also reports US spot BTC ETFs net sold ~10,600 BTC in 2026, creating a ~56,000 BTC demand gap vs 2025 and $1.2B of outflows in the past week as BTC fell below $71,000. These concrete flow and price‑gap figures point to bearish institutional pressure and are likely to influence short‑term trading.

Source Articles