Coinbase Bitcoin Premium Index Hits -0.085% on May 22 as BTC Dips to $74,500

The Coinbase bitcoin premium index fell to -0.085% on May 22, its lowest reading in over a month, signaling softer U.S. institutional demand. Bitcoin was trading around $74,500 at publication, down more than 4% over the week as spot BTC ETFs saw roughly $1.26 billion in outflows and the market recorded $209 million in long liquidations in a single session.