Coinbase Bitcoin Premium Index Remains Negative for Record 48 Days
COIN•Coinbase’s Bitcoin Premium Index has traded below the global average for 48 consecutive days since May 19, marking the longest negative streak on record with only one positive session in that span. The prior record stood at 40 negative days in January.
1. Record Negative Streak
The Coinbase Bitcoin Premium Index, which measures the price difference between Bitcoin trades on Coinbase versus the global average, has remained below zero for 48 trading days since May 19, marking the longest continuous negative reading in its history.
2. Historical Context
During this period the index logged only one positive session and eclipsed the previous record of 40 consecutive negative days set in January, highlighting sustained discount trading on the platform.
3. Potential Trading Impact
Extended negative premiums may signal weaker buyer demand or increased selling pressure on Coinbase, potentially weighing on trading volumes and fee-based revenue if the trend continues.
