Bitcoin Coinbase Premium Dips to -0.1011% for 17th Straight Day
BTC/USDT
$30,482,073,707.86
$69,550.00 / $63,820.50
Change: $5,729.50 (8.98%)
+0.0004%
Longs pay
According to Coinglass data summarized by COINOTAG, the Coinbase Bitcoin Premium Index has remained in negative territory for 17 consecutive sessions, with the latest reading at -0.1011% on December 31.
The Coinbase Bitcoin Premium Index measures the spread between Bitcoin prices on Coinbase and the global market average. A negative reading indicates Coinbase prices are below the global benchmark, signaling softer demand in the U.S. market and a shift in risk appetite.
Financial professionals monitor this gauge as a proxy for fund inflows and institutional activity in crypto assets. While the current level does not imply a forecast, a sustained negative premium can reflect tighter USD liquidity and a more cautious market sentiment, impacting price discovery across venues.