Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Dogecoin 
Figure Heloc 
Bitcoin Cash 
WhiteBIT Coin 
Cardano 
USDS 
Wrapped stETH 
LEO Token 
Hyperliquid 
Wrapped Bitcoin 
Ethena USDe 
Binance Bridged USDT (BNB Smart Chain) 
Chainlink 
Wrapped Beacon ETH 
Canton 
Monero 
Stellar 
Wrapped eETH 
USD1 
Zcash 
Rain 
sUSDS 
Hedera 
Litecoin 
Coinbase Wrapped BTC 
Dai 
PayPal USD 
Avalanche 
WETH 
Shiba Inu 
Sui 
Toncoin 
USDT0 
Cronos 
World Liberty Financial 
Tether Gold 
MemeCore 
PAX Gold 
Polkadot 
Uniswap 
Ethena Staked USDe 
Mantle 
Aave 
Pepe 
Bittensor 
BlackRock USD Institutional Digital Liquidity Fund 
Aster 
Falcon USD 
Bitget Token 
OKB 
Circle USYC 
Global Dollar 
syrupUSDC 
HTX DAO 
Pi Network 
Sky 
Ripple USD 
Ethereum Classic 
NEAR Protocol 
Ondo 
BFUSD 
Internet Computer 
Pump.fun 
Worldcoin 
Gate 
POL (ex-MATIC) 
KuCoin 
Cosmos Hub 
Jupiter Perpetuals Liquidity Provider Token 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Ethena 
Midnight 
Provenance Blockchain 
Jito Staked SOL 
NEXO 
Kaspa 
Kelp DAO Restaked ETH 
USDtb 
Algorand 
Binance-Peg WETH 
Flare 
Rocket Pool ETH 
Official Trump 
Spiko EU T-Bills Money Market Fund 
Binance Bridged USDC (BNB Smart Chain) 
Render 
Morpho 
Wrapped BNB 
XDC Network 
Function FBTC 
Filecoin 
Janus Henderson Anemoy AAA CLO Fund 
OUSG 
Aptos 
pippin 
syrupUSDT 
VeChain 
USDD 
Ondo US Dollar Yield 
Binance Staked SOL 
Arbitrum 
Beldex 
Bonk 
Usual USD 
Janus Henderson Anemoy Treasury Fund 
USDai 
Polygon Bridged USDC (Polygon PoS) 
Stable 
Solv Protocol BTC 
GHO 
Lombard Staked BTC 
Jupiter 
A7A5 
Sei 
clBTC 
TrueUSD 
Dash 
Fasttoken 
Stacks 
EURC 
Pudgy Penguins 
StakeWise Staked ETH 
PancakeSwap 
Virtuals Protocol 
Kinetiq Staked HYPE 
tBTC 
Tezos 
Chiliz 
WrappedM by M0 
Lighter 
Story 
Decred 
Optimism 
First Digital USD 
Artificial Superintelligence Alliance 
Kinesis Gold 
Mantle Staked Ether 
Kite 
Curve DAO 
Polygon PoS Bridged DAI (Polygon POS) 
JUST 
Resolv wstUSR 
MYX Finance 
COCA 
c8ntinuum 
Humanity 
Bitcoin SV 
Liquid Staked ETH 
BitTorrent 
Arbitrum Bridged WBTC (Arbitrum One) 
Gnosis 
Kaia 
Sun Token 
LayerZero 
Wrapped Flare 
Ether.fi 
AINFT 
L2 Standard Bridged WETH (Base) 
Pyth Network 
Steakhouse USDC Morpho Vault 
USX 
Injective 
FLOKI 
Celestia 
The Graph 
Binance-Peg XRP 
SPX6900 
Ether.Fi Liquid ETH 
IOTA 
Renzo Restaked ETH 
PRIME 
JasmyCoin 
sBTC 
ADI 
crvUSD 
Lido DAO 
Jupiter Staked SOL 
Aerodrome Finance 
Savings USDD 
Conflux 
Maple Finance 
Legacy Frax Dollar 
Marinade Staked SOL 
Olympus 
Arbitrum Bridged WETH (Arbitrum One) 
DoubleZero 
Starknet 
Telcoin 
Helium 
Staked Aave 
Ethereum Name Service 
Bitcoin had a rough Wednesday, starting the day above $62,000 but quickly slipping to a daily low of $60,541. The market turbulence didn’t stop there, as over $40 million in bitcoin long positions were wiped out. Across the broader crypto space, both long and short positions saw liquidations totaling $169.45 million in the past 24 hours.
$40M Bitcoin Longs Liquidated as Coinbase Premium Gap Hits -$48.4
By 7:35 p.m. Eastern Time on Wednesday, the overall cryptocurrency market was valued at $2.13 trillion, marking a slight 1% drop over the day. Bitcoin (BTC) slid almost 2%, while ethereum (ETH) dipped by about 1%.
Market analyst Maartunn, sharing data from cryptoquant.com, provided a key insight, noting the day before that “the Coinbase Premium has fallen to -$41, signaling strong selling pressure from U.S. institutions.”
By Wednesday, Cryptoquant’s data showed the Coinbase Premium Gap had widened further to -$48.4. This metric, the Coinbase Premium, tracks the price difference of bitcoin between Coinbase Pro (USD pair) and Binance (USDT pair).
A higher premium indicates active buying on Coinbase, while a lower one could signal selling or low activity. Cryptoquant data also highlights that in South Korea, the premium turned negative again over the past week.
This isn’t the first time a discount appeared. It happened twice in September, hitting a 1.15% markdown on Sept. 25. On Oct. 5, another dip occurred, though this time it only dropped by 0.11%. Right now, there’s a slight premium of 0.8%, staying under the 1% mark.
These shifting premiums and market trends reveal the delicate dance between institutional investors and the broader digital asset environment. As prices continue to waver, global sentiment and ongoing uncertainty keep shaping the crypto market.
What do you think about bitcoin’s price wavering on Wednesday and the Coinbase Premium Gap sinking? Share your thoughts and opinions about this subject in the comments section below.
