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The Coinbase Bitcoin Premium Index registered -0.1025% after remaining negative for 60 consecutive days since May 19, according to Coinglass. The run is the longest negative streak cited in the data.
Why it matters
A negative premium indicates Bitcoin is trading at a discount on Coinbase relative to the index benchmark. Prolonged discounts have historically coincided with weaker U.S. institutional demand, making the record streak a warning sign for Bitcoin's near-term demand profile.
Market impact
The previous record was a 40-day negative streak from January 16 to February 24. That had already exceeded the roughly 30-day stretch around the October 11 market crash.
The new 60-day record keeps selling pressure and pullback risk in focus. Traders will be watching for a sustained return above zero as evidence that U.S.-market demand is improving.
Frequently asked questions
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What does a negative Coinbase Bitcoin Premium Index mean?
It means Bitcoin is trading at a discount on Coinbase relative to the index benchmark. Prolonged negative readings have historically coincided with weaker U.S. institutional demand.
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How long has the Coinbase Bitcoin premium stayed negative?
The index has remained negative for 60 consecutive days since May 19, marking the longest streak cited in the Coinglass data.
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What is the latest Coinbase Bitcoin Premium Index reading?
The latest reading is -0.1025%, keeping the index below zero at the end of the record streak.
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How does the 60-day streak compare with previous records?
The previous record lasted 40 days from January 16 to February 24. Another negative stretch around the October 11 market crash lasted roughly 30 days.
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Why does the record negative premium matter for Bitcoin?
The extended discount points to weaker U.S.-market demand and keeps selling pressure and near-term pullback risk in focus. Traders are watching for a sustained return above zero.
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