Coinbase Premium Dives to Record Low After 90 Straight Days in Negative Territory

Coinbase's premium has now been in negative territory for an unprecedented 90 days. This record-breaking stretch of US spot demand weakness versus offshore markets is, as of August 2026, the longest on record. The prolonged divergence between Coinbase and global markets has forced more domestic buyers to enter if global flows are to rebalance.

The current price of BTC is $63,057.09, which falls within the Bollinger Bands with upper resistance at $63,734.33 and lower support at $62,679.4. The 4h structure remains bearish as the price sits below both the EMA50 at $63,645.37 and the EMA200 at $63,683.28.

However, despite this bearish outlook, the MACD has printed a bullish golden cross at -223.36, while the RSI(14) holds neutral at 39.75, pointing to a likely test of the lower band before any sustained upside.