Crypto
Coinbase Bitcoin Premium Index Hits Record 75-Day Negative Streak
The Coinbase Bitcoin Premium Index has extended its record negative streak to 75 days. According to data from CoinGlass, the latest reading stands at -0.0973%, indicating that U.S. investors on Coinbase are paying less for Bitcoin than the global average.
This prolonged negative streak suggests sustained selling or reduced accumulation by U.S. institutional participants, even as Bitcoin's price has shown resilience in recent weeks.
The index measures the percentage difference between the price of Bitcoin on Coinbase Pro and Binance. A negative value indicates weaker buying pressure or stronger selling pressure from U.S.-based institutional investors, who predominantly use the platform.