Bitcoin Slumps 12% from Highs as US Buying Dries Up

• Coinbase premium has evaporated, indicating weaker US buying pressure • Bitcoin trading at $64,000, down over 12% from record highs last week • Coinbase premium flipped negative compared to offshore exchange Binance • Inflows slowed into US spot bitcoin ETFs like Grayscale and Fidelity • Analysts expect further bitcoin price declines if ETF inflows stay weak