Bitcoin’s Coinbase Premium Index Stays Negative for 50 Days

Bitcoin’s Coinbase Premium Index stayed below zero for a 50th straight day, with a latest reading of -0.13%, indicating a continued price discount on Coinbase relative to Binance.

The index compares Bitcoin prices on the two exchanges to track buying and selling pressure in the U.S. market against global markets. Its 30-day average was -0.15%, also below zero.

A negative reading usually means Bitcoin’s quote is lower on Coinbase than on Binance. It can reflect weaker U.S. buying or heavier selling, but the measure alone does not establish that institutional investors are withdrawing funds from the market.

A prior 97-day negative-premium run, the longest on record, ended temporarily when the index turned positive Aug. 24 for the first time since May 19.