[Analysis: Coinbase Premium Drops to Monthly Low as Institutional Selling Pressure Intensifies] According to Cointelegraph, the Coinbase premium, a key indicator of institutional participation in the crypto market, has fallen deeper into negative territory, indicating increased institutional selling pressure. The premium has mostly been negative since late April and has accelerated its decline over the past seven days, hitting a monthly low of -0.0983% on May 21. CryptoQuant analyst Darkfost stated that institutional selling pressure has recently intensified, suggesting that institutions and professional investors trading on Coinbase Advanced are selling more aggressively compared to investors on Binance. Since May 14, U.S. spot Bitcoin ETFs have experienced net outflows for four consecutive trading days, totaling $1.3 billion. Open interest in Bitcoin futures and perpetual contracts has dropped by approximately $1.5 billion this week.