Coinbase Premium Index Hits Record Low as Bitcoin Trades at Discount

The Coinbase Bitcoin Premium Index has hit a 90-day streak of negative readings, its longest since inception.

This extended trend indicates that Bitcoin is trading at a discount on Coinbase compared to Binance.

The index measures the price difference between buying and selling Bitcoin on these two platforms. A negative reading suggests weaker buying pressure on Coinbase but does not necessarily indicate institutional Bitcoin outflows.

Bitcoin's price remains around $63,000 amid this trend, showing ongoing market dynamics rather than a clear directional signal.