Coinbase Premium Index Signals Weak US Demand for Bitcoin
The Coinbase Premium Index for Bitcoin has been in the negative for 102 consecutive days, suggesting weaker demand on Coinbase compared to the global market.
This persistent trend indicates that Bitcoin is consistently at a discount on the U.S.-based exchange, historically interpreted as reduced spot demand.
Given broader market dynamics impacting sentiment around Bitcoin, this may influence related markets such as Ethereum's price predictions.