Coinbase Bitcoin Premium Negative for 90 Days, Breaking Previous Record

BTC premium index stays negative for 90 days, hitting -0.1066%, surpassing the prior 40-day record and signaling sustained US market selling pressure.

Woofun AI data shows that the Coinbase Bitcoin premium index has remained negative for 90 consecutive days, from May 19 to August 16, with the latest reading at -0.1066%. This duration establishes a new record for the longest consecutive period of negative premiums since the indicator's inception, surpassing the previous high of 40 days recorded between January 16 and February 24 this year. The metric measures the price difference between Bitcoin on Coinbase Pro and Binance, where consistent negativity typically indicates lower pricing on Coinbase, potentially reflecting weaker buying interest or elevated selling pressure in the U.S. market, though it should not be viewed in isolation as proof of institutional capital outflows.