Coinbase Bitcoin Premium Index Sets Longest-Ever Negative Streak at 78 Days
CoinGlass data shows the Coinbase Bitcoin Premium Index has remained negative for 78 consecutive days, the longest such streak on record, with its latest reading at -0.1145%. The index measures the BTC price gap between Coinbase and other major exchanges and is commonly used as a gauge of U.S. market demand. A persistently negative reading means Bitcoin is trading at a relative discount on Coinbase, potentially indicating weaker U.S. investor demand or comparatively stronger selling pressure.
CoinGlass data shows the Coinbase Bitcoin Premium Index has remained negative for 78 consecutive days, the longest such streak on record, with its latest reading at -0.1145%. The index measures the BTC price gap between Coinbase and other major exchanges and is commonly used as a gauge of U.S. market demand. A persistently negative reading means Bitcoin is trading at a relative discount on Coinbase, potentially indicating weaker U.S. investor demand or comparatively stronger selling pressure.