The Coinbase Bitcoin Premium Index has marked a historic stretch, remaining in negative territory for 90 consecutive days from May 19 to August 16, according to crypto commentator @WuBlockchain. During this period, the index has averaged -0.1066%, a record-long negative streak that signals Bitcoin is trading at a discount on Coinbase relative to Binance.
The negative reading points to weaker buying demand from U.S. investors and possible selling pressure, sparking concern among traders about the health of Bitcoin demand in the U.S. market. However, the trend does not confirm sustained institutional outflows, and the broader cryptocurrency landscape is showing mixed signals as many participants await clearer indicators of demand and price recovery.
As of now, Bitcoin’s trading volume remains low, reflecting a cautious market environment. Traders are closely monitoring the Coinbase Bitcoin Premium Index for a potential reversal in U.S. buying trends. If the index begins to recover, it could signal renewed interest among U.S. investors and potentially support price movements in Bitcoin.
