Coinbase Bitcoin Premium stays negative for 50 straight days, longest on record
The record negative run in Coinbase’s Bitcoin premium points to sustained U.S. selling pressure, weaker risk appetite and potential capital outflows.
BTC
Summary
Bitcoin’s Coinbase Bitcoin Premium Index has remained below zero for 50 consecutive days, the longest negative streak on record, with Coinglass showing the latest reading at -0.0696%. The index compares Bitcoin prices on Coinbase with the global market average, and a negative reading typically signals heavier U.S. selling pressure, weaker risk appetite, rising risk aversion or capital outflows. The prolonged stretch underscores continued softness in U.S.-linked demand for Bitcoin.
Terms & Concepts
- Coinbase Bitcoin Premium Index: An indicator that compares Bitcoin’s price on Coinbase with the broader market average to gauge relative U.S. buying or selling pressure.
- capital outflows: Money moving out of an asset, market or region, often seen as a sign of weaker investor confidence.