Coinbase Bitcoin Premium Stays Negative for Record 91 Days, Signaling Weak U.S. Demand

BitcoinWorld Coinbase Bitcoin Premium Stays Negative for Record 91 Days, Signaling Weak U.S. Demand Coinbase’s Bitcoin premium index has remained negative for 91 consecutive days, the longest stretch on record, according to data from CoinGlass. As of 10:30 a.m.

UTC today, the latest reading stood at -0.1032%, extending a trend that began on May 19. The previous record negative streak lasted 40 days, from Jan. 16 to Feb. 24 this year.

What the Negative Premium Means The Coinbase premium index measures the price difference for Bitcoin on Coinbase versus global exchanges.

A negative reading indicates that Bitcoin is trading at a lower price on Coinbase relative to other platforms, suggesting that buying demand from U.S. investors is weaker than demand elsewhere.