Bitcoin Has Traded at a Discount on Coinbase for 61 Straight Days. Have U.S. Investors Stopped Buying BTC?

Quick Read

  • Bitcoin has traded below its global price on Coinbase for 61 days, but the tiny 0.13% gap may understate quiet over-the-counter buying by U.S. investors.

  • U.S. spot Bitcoin ETFs shed $1.28 billion in one week, and net assets fell to $96 billion, the lowest level in a month.

  • Past negative premium streaks ended only after Bitcoin had already rebounded, so the discount alone does not mark a floor.

  • It sounds nuts, but SoFi is giving new Active Invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get startedFor 61 straight days, Bitcoin (CRYPTO:BTC) has been trading below its global price on Coinbase (NASDAQ:COIN). This information comes from a post by Coinbase Markets on X, published on November 6, 2026. The gap, known as the Coinbase premium, is at -0.13%, placing it in the bottom 8% of readings from the past two years.

    Bitcoin's price appears to be struggling. Itt is priced at $75,870, only slightly above its 30-day low of $74,722 and down 40% from its all-time high. U.S. spot Bitcoin ETFs also lost $1.28 billion in the week ending November 6. So have U.S. investors stopped buying BTC, or is the discount exaggerated?