Coinbase Bitcoin premium hits six-week low as $1.14B profit-taking meets support

Bitcoin's Coinbase Premium Index weakened, with the daily reading sliding to -0.087 on May 19, even as traders realized 14,600 BTC ($1.14 billion) in profits on May 4. Despite negative spot signals, BTC held above the $70,000–$75,000 area and continued trading over the 100-day EMA near $76,800, suggesting buyers are still defending key support.