Bitcoin Coinbase Premium Drops to -0.0989% for 21 Consecutive Days
BTC
BTC/USDT
$29,201,753,226.66
$94,444.44 / $91,262.94
Change: $3,181.50 (3.49%)
+0.0071%
Longs pay
As COINOTAG News reports on November 20, Coinglass data show the Coinbase Bitcoin Premium Index has remained negative for 21 consecutive days, standing at -0.0989%. This sustained discount reflects evolving U.S. price dynamics relative to the global reference rate.
The Coinbase Bitcoin Premium Index tracks the spread between the Bitcoin price on Coinbase and the global market price, providing a focused gauge of U.S. market liquidity and potential shifts in institutional investment interest and sentiment.
Interpreting a negative premium, traders note softer U.S. demand and a tilt toward risk-off positioning, with occasional hedging activity shaping cross-exchange flows. The metric should be considered alongside broader liquidity indicators when assessing near-term pricing and risk management.