According to researchers at Cryptoquant, demand for bitcoin and ethereum in the U.S. has cooled significantly across spot and derivatives markets after the September rally.
Cryptoquant: Coinbase Premium Drop Signals Fading U.S. Buying Pressure
A new Cryptoquant report reveals that U.S. investors are finally taking a breather from bitcoin and ethereum, trading their crypto summer camp for a hammock. Itâs less âbuy the dipâ and more âsleep through the dip,â folks.
The blockchain analytics firm notes that spot exchange premiums, ETF flows, and futures basis rates all scream âprofit-takingâ louder than a toddler on a sugar rush. Researchers sigh that spot bitcoin ETFs in the U.S. have turned into net sellers, logging a seven-day average outflow of 281 BTC – a slump that would make even the most bullish analyst reach for the coffee. â
Ethereum ETFs? Theyâve been coasting on fumes since mid-August, like a car with a âCheck Engineâ light and no gas. Investors seem to have forgotten what âadding exposureâ means after those September highs. đ¤ˇâď¸
The report adds that spot demand on U.S. exchanges has gone from a roaring fire to a candle flicker. Cryptoquantâs data show the Coinbase premium for both bitcoin and ethereum is now flirting with zero, which is about as exciting as a Monday morning. Historically, price rallies come with a premium, so this flatline? Thatâs just the market saying, âNah, not today.â đŹ
Cryptoquantâs futures analysis isnât much brighter. The CME bitcoin annualized basis has slumped to 1.98%, a number so low it could make a leveraged ETF blush. Ethereumâs six-month futures basis? A meek 3.0%, which is basically the market whispering, âWeâre here, but weâre not doing much.â
Cryptoquantâs researchers conclude that after bitcoin hit $126,000 and ethereum touched $5,000, investors are now waiting for a plot twist like a Netflix binger paused at the cliffhanger. Institutions and retail traders alike are playing it safe, probably Googling âhow to avoid FOMO.â
In short, Cryptoquantâs latest metrics suggest U.S. crypto fever has hit pause-like a TikTok video on shuffle. The marketâs now in âreassess and rechargeâ mode, which is code for âdonât touch your wallet.â
FAQ â
- What did Cryptoquantâs new report find? Cryptoquant researchers found that U.S. demand for Bitcoin and Ethereum has slowed across both spot and futures markets, like a car with a flat battery.
- What does the Coinbase premium reveal, according to Cryptoquant? The near-zero premium is the marketâs way of saying, âWeâre here, but weâre not buying,â for both Bitcoin and Ethereum.
- How are ETFs performing based on Cryptoquant data? U.S. Bitcoin ETFs are outflowing like a leaky faucet, while Ethereum ETFs are stuck in neutral since mid-August.
- Whatâs next for Bitcoin and Ethereum per Cryptoquant? Traders are waiting for a plot twist, a black swan, or maybe just a better coffee. â
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2025-11-03 00:38