Coinbase Bitcoin premium stays negative for fifth day at -0.042%

  • CoinGlass reported that Coinbase’s Bitcoin premium index remained negative for a fifth straight day.
  • The index stood at -0.042% at 12:00 a.m. UTC on Sept. 11.
  • The reading had reached 0.0052% on Aug. 24 after a record 97-day decline.

The Coinbase Bitcoin premium index remained negative for a fifth consecutive day, reaching -0.042% at 12:00 a.m. UTC on Sept. 11, according to CoinGlass. The index measures the gap between Bitcoin prices on Coinbase and Binance, with a sustained negative reading generally viewed as evidence of relatively weaker Bitcoin buying demand in the U.S. market. It had briefly turned positive at 0.0052% on Aug. 24, its first positive reading since May 19, ending a record 97-day negative streak.

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