Bitcoin Coinbase premium stays negative for 51 days as US demand lags

Bitcoin’s Coinbase Premium Index has stayed below zero for 51 consecutive days, with the latest reading at −0.10% as the US exchange continues to price BTC below Binance. 51 consecutive days of negative Coinbase premiums date back to Sept. 23, according to CoinGlass. The latest −0.10% reading is less negative than the dashboard’s 30-day average of −0.14%. US Bitcoin ETF withdrawals and analysts’ demand concerns provide separate evidence of cautious buying. A negative exchange premium alone does not establish that institutional investors are withdrawing funds. According to CoinGlass data, the negative run began on Sept.