Coinbase’s Bitcoin Premium Index has recorded negative values for 44 consecutive days, reflecting persistently weak purchasing power in the U.S. market.

According to CoinGlass data, as of November 7, Coinbase’s Bitcoin premium index has remained negative for 44 consecutive trading days, with the latest reading at –0.17%, signaling persistently weak buying power in the U.S. market. The index previously turned positive on August 24, registering +0.0052%—its first positive value since May 19—and thereby ending a record 97-day streak of consecutive negative readings, the longest such period on record. As a key indicator measuring the price difference between Coinbase Pro and Binance Bitcoin quotes, a sustained negative reading typically suggests that Coinbase’s BTC price is trading below Binance’s—reflecting either subdued buyer demand or elevated seller pressure in the U.S. market. However, it’s important to note that this signal alone is insufficient to confirm institutional capital outflows.