Coinbase Bitcoin Premium Index Negative for 86 Days

BTC premium on Coinbase stays negative for 86 days, a new record since inception, signaling weak US buying interest relative to Binance.

Woofun AI data shows that the Bitcoin premium index on Coinbase has remained in negative territory for 86 consecutive days, from May 19 to August 12. The latest reading stands at -0.1073%, marking the longest streak of negative premiums since the indicator's inception. This duration surpasses the previous record of 40 days recorded between January 16 and February 24 this year, as well as the approximately 30-day period during last year's '1011 collapse.' The index measures the price differential between Bitcoin on Coinbase Pro and Binance. A sustained negative value typically indicates lower pricing on Coinbase, which may reflect weaker buying interest or increased selling pressure in the U.S. market, though it should not be used in isolation to determine institutional fund flows.