Bitcoin Coinbase Premium Deeply Negative: Is $66K Next?

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Bitcoin dipped below $87,000 as the Coinbase Premium hit 12-month lows, signalling weak US demand and with technicals hinting at a $66,000 BTC price target.

Bitcoin extended its weakness into the low-liquidity weekend trading session, with BTC slipping to a five-week low of $86,000 on Sunday. The cryptocurrency could potentially retest its macro low of $66,000 over the coming weeks, a key support level from November 2024.

Bitcoin dropped below $87,000 on Sunday as its momentum weakened.

The Coinbase Premium hit a 12-month low, reflecting strong US spot Bitcoin selling pressure.

Bitcoin’s bearish setup targets a $66,800 BTC price.

Bitcoin faces stronger selling pressure in the US
The Bitcoin Coinbase Premium Index, which tracks the price difference between BTC on Coinbase and Binance, flipped red in mid-December 2025, dropping as low as -0.17. The last time the index was this low was in December 2024.

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