Coinbase Bitcoin premium index negative for 90 straight days, signals weak US demand
Bitcoin continues to trade near $63,000 while the Coinbase Bitcoin Premium Index records its longest negative streak on record, suggesting sustained lower US demand compared to other global exchanges. Market observer JohnNguyen reported that the Coinbase Bitcoin Premium Index has remained negative for 90 consecutive days, stretching from May 19 to August 16. The index currently posts a reading close to -0.1%, marking the longest deficit since inception.