Coinbase Premium Remains Under Pressure
Odaily reported that the Coinbase Bitcoin Premium Index has stayed negative for 46 consecutive days, establishing a new record. This metric is widely watched because it reflects the relative pricing of Bitcoin on Coinbase compared with other trading venues. When the index remains below zero for an extended period, it is often read as a sign that spot demand tied to the U.S. market is comparatively weak.
What the 46-Day Streak Suggests
From a market-structure perspective, a persistently negative Coinbase premium usually points to cautious positioning rather than aggressive spot accumulation. The latest stretch of 46 straight negative days is notable not only because of its duration, but because it has now broken the previous historical record. Based on the information provided in the source, the signal implies that market sentiment and buying strength have not yet recovered enough to support a clear conclusion that the crypto bear market is over.
Source and Context
This rewrite is based on an Odaily news brief titled “How Far Are We From the End of the Crypto Bear Market?” The key factual takeaway is narrow but important: the Coinbase Bitcoin Premium Index has been negative for 46 days in a row, the longest such streak on record. Source URL: https://www.odaily.news/zh-CN/post/5211719.
