Bitcoin Coinbase Premium Index Continues Negative at -0.0499% on Nov 19, Indicating U.S. Market Selling Pressure

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

As of November 19, data from Coinglass show the Coinbase Bitcoin Premium Index has remained in negative territory since October 31, with a current reading of -0.0499%. The figure reflects the price gap between Coinbase and the global market average, highlighting evolving U.S. price dynamics.

Overview: The index measures the difference between the Bitcoin price on Coinbase (a leading U.S. exchange) and the global market average price. A positive premium signals strong U.S. buying pressure, institutional inflows, and ample USD liquidity, while a negative premium, as currently observed, signals selling pressure and a softer risk appetite in the U.S. market.

Implications: The persistent negative premium suggests a cautious stance among traders and potential capital outflows from U.S.-based crypto positions. Market watchers should contextualize the reading with liquidity trends and other indicators to assess near-term sentiment and inter-exchange pricing dynamics.