⚠️ $BTC Coinbase premium hits its longest-ever negative value record!
The Coinbase Bitcoin Premium Index has been negative for 90 consecutive days, running from May 19 to August 16, setting the historical longest record.
Currently, the latest value is around -0.1%, meaning BTC’s price on Coinbase is still weaker relative to Binance.
📉 Institutional buy-side demand remains weak, and near-term pressure on BTC is still significant.
The Coinbase Bitcoin Premium Index has been negative for 90 consecutive days, running from May 19 to August 16, setting the historical longest record.
Currently, the latest value is around -0.1%, meaning BTC’s price on Coinbase is still weaker relative to Binance.
📉 Institutional buy-side demand remains weak, and near-term pressure on BTC is still significant.