Coinbase Bitcoin Premium Index stays negative for 48 straight days
The latest reading of -0.0911% points to Bitcoin trading below Binance on Coinbase Advanced, a pattern that may reflect heavier U.S. selling pressure, weaker risk appetite, capital outflows or rising safe-haven sentiment.
BTC
Fact Check
Multiple independent outlets (odaily, PANews) report identical figures: 48 consecutive negative days since May 19 and a latest reading of -0.0911%, all citing the Coinglass Coinbase Bitcoin Premium Index. The day-earlier odaily report (47 days, -0.1007%) and CoinEx's June 27 report (40 days) form a consistent temporal progression to the 48-day figure by July 5. The underlying data source (Coinglass) is the standard reference for this index. The claim's interpretive framing (U.S. selling pressure, weaker risk appetite, outflows) reflects the analysts' commentary rather than verifiable fact, but the core numerical claim is well corroborated.
Summary
Bitcoin remained at a discount on Coinbase Advanced versus Binance, with the Coinbase Bitcoin Premium Index staying negative for 48 consecutive days from May 19 to July 5, according to Coinglass data cited by PANews. The latest reading was -0.0911%. The index compares BTC prices on Coinbase Advanced and Binance, and the prolonged discount may signal heavier U.S. selling pressure, weaker risk appetite, capital outflows or rising safe-haven sentiment.
Terms & Concepts
- Coinbase Bitcoin Premium Index: A metric that tracks the gap between Bitcoin prices on Coinbase Advanced and Binance to gauge relative demand.
- risk appetite: Investors' willingness to hold assets seen as riskier in pursuit of higher returns.
- safe-haven sentiment: A market preference for assets perceived as more defensive during periods of uncertainty.