Coinbase Bitcoin Premium Hits Record Low, Suggesting Weak US Demand

The Coinbase Bitcoin premium index has stayed negative for a record-breaking 91 consecutive days, according to data from CoinGlass. This prolonged stretch began on May 19 and is the longest on record, surpassing the previous mark of 40 days set in January.

A negative reading on the Coinbase premium index indicates that Bitcoin trades at a lower price on Coinbase compared to global exchanges, suggesting weaker demand from U.S. investors relative to other markets.

While not inherently bearish, this trend warrants attention from investors monitoring early signs of capital flow shifts. A return to positive territory could signal renewed confidence and capital deployment from American buyers, potentially setting the stage for upward momentum.