Coinbase Bitcoin Premium Index Stays Negative for 33 Days

Bitcoin (BTC) traded below the global market average on Coinbase as the Coinbase Bitcoin Premium Index recorded its 33rd consecutive day below zero, with the latest reading at -0.1259%.

The index compares Bitcoin's price on Coinbase with a global market average. At -0.1259%, Coinbase's price was 0.1259% below that benchmark at the latest observation. The measure tracks a relative price gap; it does not directly measure total U.S. investor flows.

A negative reading points to persistently weak U.S. buying power and generally reflects heavier selling pressure or lower investor risk appetite. It can also accompany stronger demand for safer assets or capital outflows. The index had previously recorded a 97-day negative streak before briefly moving above zero on Aug. 24; it later fell below zero again.