Coinbase Premium Spikes Amid Contradictory ETF Flows

The price of digital assets on Coinbase has been behaving strangely in recent hours. According to data from KuCoin, during Asian trading hours and into U.S. trading hours, the premium on Coinbase remained mostly positive with a very high Z-score. This suggests that there should be net inflows into ETFs for the day.

However, there's a contradiction here - during Asian trading hours, Coinbase's spot CVD was consistently negative, indicating more active selling pressure. This kind of discrepancy between data points is rare and warrants further monitoring.