Coinbase Bitcoin Premium Plummets to Record 91-Day Low

The Coinbase Bitcoin premium index has reached a record low of 91 consecutive days in the negative, indicating weak demand from U.S. investors.

This trend began on May 19 and is the longest stretch on record, surpassing the previous record of 40 days in January and February this year.

The premium index measures the price difference for Bitcoin on Coinbase compared to global exchanges, with a negative reading suggesting that buying demand from U.S. investors is weaker than elsewhere.

Analysts believe that a return to positive territory could signal renewed confidence and capital deployment from American buyers, potentially setting the stage for upward momentum in the market.