BEARISH 45 crypto.news 27M ago · 1 min read

Bitcoin Coinbase premium stays negative for 51 days as US demand lags

AI summary

Bitcoin's Coinbase Premium Index has remained below zero for 51 consecutive days, with the latest reading at -0.10%, meaning BTC trades cheaper on Coinbase than on Binance. The negative streak began on Sept. 23, per CoinGlass data, signaling that US demand is lagging. Traders watch this gauge because a persistent discount on the US exchange suggests weaker American buying pressure, which can weigh on spot momentum.

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