Data from Coinglass shows the Coinbase Bitcoin Premium Index has remained below zero for 39 consecutive days, with the latest reading at -0.17%. The metric tracks the difference between Bitcoin prices on Coinbase and the global market average. According to the report, the extended negative streak points to persistently weak buying power in the U.S. market. A negative premium is commonly read as a sign of heavier selling pressure on the U.S. side. The report also says it can reflect lower investor risk appetite, rising demand for safer positioning, or capital outflows.
According to Coinglass data cited by ChainCatcher, the Coinbase Bitcoin Premium Index has posted negative readings for 39 consecutive days, with the latest reading at -0.17%, pointing to persistently weak buying power in the U.S. market.
Index remains below zero
The Coinbase Bitcoin Premium Index measures the gap between Bitcoin prices on Coinbase and the global market average. The index has now stayed in negative territory for 39 straight days, and its latest reading stands at -0.17%.
What a negative premium indicates
The report says a negative premium usually reflects stronger selling pressure in the U.S. market. It may also indicate weaker investor risk appetite, rising safe-haven demand, or capital outflows.
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