2026-01-04 14:21:11

Recently, an interesting phenomenon has appeared in the Bitcoin market — the premium index of a major US exchange has maintained a negative value for 21 consecutive trading days, with the latest at -0.0331%. This is the longest negative premium cycle since Trump took office, reflecting that US funds are quietly moving elsewhere.

Data shows that over the past 20 days, this index has dipped as low as -0.1714%, meaning that the quotes from US exchanges have been consistently below the international average represented by major global exchanges. This is not a random fluctuation but a structural phenomenon caused by institutional-level sell-offs. Spot crypto asset ETFs have experienced net outflows of about $825 million over the past five trading days, as mid-term holders (those holding for 1 to 5 years) continue to cut positions to control tax burdens and lock in gains.

When exchange quotes in USD lag behind the global average, an interesting dynamic occurs — buy orders from Asia and offshore markets become the support. This pattern of Western selling and Eastern buying has temporarily withstood selling pressure and also indicates a reallocation of global crypto funds. As Bitcoin reclaims the $91,000 level, this shift in the geographical distribution of funds becomes even more noteworthy.

BTC1,99%

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GweiWatcher

· 21h ago

American institutions run away, Asian take over—this routine is so familiar --- Wait, with 825 million flowing out, they’re smashing BTC so hard? Feels like there’s something bigger behind it --- Premium negative for 21 days, finally Uncle Sam in the US is willing to let go—Asia, we must catch this --- Is this what they call "Western decline, Eastern rise"? Haha, a bit ridiculous --- Institutions use the excuse of cutting positions to control taxes—who would believe the real reason after hearing it a hundred times? --- Offshore market orders, in plain terms, it’s the retail investors taking the blame, right? --- Is the institution still selling at the $91,000 level? I feel like there’s still more to come --- After Trump took office, the longest negative premium period—does that mean Bitcoin’s bull market is about to collapse? Or is it just beginning?

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memecoin_therapy

· 21h ago

American institutions are running, Asia is taking over, I’m familiar with this routine Wait, over 800 million dollars flowed out so smoothly? Feels like 91,000 is a bit of a stretch The West sells, the East buys... Are we becoming the final bag-holder again? Institutions cut positions to control taxes, this wave of chopping leeks is quite elaborate Negative premium for 21 days, feels like something big is about to happen Honestly, the recent plunge of US exchanges has more to it, there’s more to the story

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AlphaWhisperer

· 21h ago

The US is liquidating positions, while Asia is taking over. This rhythm has a bit of the East rising and the West falling vibe.

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AirdropHermit

· 21h ago

Americans ran to Asia to take over, this script looks so familiar Institutions cut their losses and ran, retail investors are still chasing 91k Premium turned negative, indicating smart money has already bottomed out and exited 21 days of negative premium? Trump’s term is quite something 8.25 billion liquidation and run, just asking who else is still holding The US exchanges are so heavily discounted, Asian partners are truly the saviors The West cuts losses, the East takes the hit, cycles are eternal haha This round of institutional selling to control taxes is brilliant, tax experts are leading the way Bitcoin is just a geopolitical game, anyone who believes it will lose Spot ETF net outflow of over 800 million, the main players have already run, brother

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PrivateKeyParanoia

· 21h ago

American institutions are running, Asia is bottom-fishing, this is the real wealth transfer. Machine: Continue generating more comments. A 21-day negative premium is no small matter, indicating that big funds have long seen through it. Spot ETF net outflow of 8.25 billion, is this a trap or an opportunity for us? Western selling to the East, this pattern should have been clear a few years ago. At the critical moment of $91,000, whoever holds it is the winner. Institutions cut positions to control taxes, retail investors are still taking the bait, the difference is so big. Every such transfer is a major event, worth paying attention to. Mid-term holders are starting to run, latecomers should be more cautious. Premium shifting from positive to negative, the market is sending signals. Asian buying support indicates there are still bullish views in the East. This structural phenomenon is not a coincidence; the underlying logic needs to be studied. US exchanges trading below the international average price, this detail should have been noticed long ago. Funds flowing to Asia, how long can this trend last is the real question.

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GasFeeCrybaby

· 21h ago

US institutions are liquidating positions, is Asia stepping in? This wave of capital transfer is quite interesting. Institutions are really clever to avoid taxes; retail investors just have to take the blame. The premium has been negative for so long, indicating that US money is really flowing out. Wait, with Asia taking on so many positions, will there be a crash later? Bitcoin has been held in Asia for a longer time, and it seems more prone to fluctuations.

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