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Coinbase premium negative for 38 straight days as US Bitcoin demand stays weak

NewsFeeds update

The story so far: Coinbase premium stays negative

The Coinbase Bitcoin premium index has been negative for an extended stretch, with CoinGlass data showing a 31-day negative streak as of Oct 24. The premium has now stayed negative for 38 consecutive days, signalling that US Bitcoin demand has not recovered.

  1. Coinbase Bitcoin premium index negative for 31 days, pointing to softer US demand

    CoinGlass data show the Coinbase BTC premium index, which tracks the Bitcoin price gap between Coinbase and Binance, has stayed negative for 31 days, last at -0.1353%. The streak follows a 98-day negative run that ended on 25 Aug at 0.0052%.

    BitcoinCoinNessAIBearish

  2. Coinbase premium negative every day in October, CryptoQuant says

    CryptoQuant says the Coinbase premium has stayed negative on every day in October, its deepest negative reading since June, suggesting US buyers have stayed on the sidelines.

    BitcoinCoinNessAIBearish

  3. Coinbase premium negative for 38 straight days as US Bitcoin demand stays weak

    The Coinbase premium has stayed negative for 38 consecutive days, signalling that US Bitcoin demand has not recovered.

    BitcoinBloomingbitAIBearish

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    BitcoinOdailyAIBearish

  3. Axel Adler Jr. says Bitcoin is testing short-term holders' cost basis

    BitcoinPANewsAIBullish

Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.