Bitcoin ETF Outflows Reach $969 Million as Coinbase Premium Stays Negative

Weakness in both fund flows and US spot demand is adding pressure to the market.

US ETF Flow Over 5 Sessions

The measure fell by $766 million over the past week. It was this low or lower on only 15% of days over the past year. Fund demand is now clearly weaker.

Watch for outflows to turn into inflows. That would show whether ETF demand is returning.

Coinbase Premium: US Spot Demand

Coinbase Premium stands at −0.14%. This is one of the lowest readings of the past year and signals weak demand in the US spot market.

A move back above 0 would signal improvement.

FAQ

What Happened After the Last Similar Flow Setup?
A similar combination last appeared on July 2, 2026. Bitcoin traded at $61,560. A month later, the price was 2.1% higher.

How Often Has Coinbase Premium Been This Low?
Over the past year, it was this low or lower on 9% of days. This is a rare reading.

Conclusions

Together, the two measures support the case for a continued correction. Demand remains weak through both funds and US spot trading. That view would change if both channels returned to positive territory.

Live Charts

Explore the metrics behind this brief with live, auto-updating charts:

Liquidity Flows — All exchange-flow, ETF, and spot-demand charts in one view.
Coinbase Premium Index — Coinbase vs global market premium as a proxy for US spot demand pressure.
Exchange Netflow — Net BTC moving to and from exchanges across positive and negative flow regimes.
BTC US ETF Flow Monitor — US spot Bitcoin ETF daily flow, BTC-denominated accumulation, and fund leadership.