Bitcoin Premium on Coinbase Remains Negative for 28 Consecutive Days, Narrowing to 0.018%

As of November 27, COINOTAG notes the Coinbase Bitcoin Premium Index has stayed negative for 28 straight sessions, narrowing to 0.018% after yesterday’s 0.0515% reading, per Coinglass data. This persistent spread captures the price gap between Coinbase’s Bitcoin quote and the global benchmark, providing a monitor for U.S. market flow and sentiment.

The Bitcoin Premium metric measures the Coinbase price relative to the global market average. A negative premium typically reflects selling pressure in the U.S. market, a softer risk appetite, and potential capital outflows, while a positive premium often points to stronger buying interest and favorable USD liquidity.

For asset managers and traders, the extended negative tilt suggests heightened vigilance around liquidity and regulatory cues. Investors should watch how shifts in USD liquidity and U.S. demand dynamics may influence pricing and risk exposure across spot and derivatives instruments.