Coinbase Bitcoin Premium Index Records Negative Value for 38 Consecutive Days, US Market Purchasing Power Weakens

The Coinbase Bitcoin Premium Index has recorded a negative value for 38 consecutive days, with the latest reading at -0.2434%. This index measures the price difference of Bitcoin between Coinbase Pro and Binance, and a sustained negative value typically indicates that Coinbase's prices are relatively lower, reflecting weak buying interest or significant selling pressure in the US market. On August 24, the index briefly showed a positive signal for the first time since May 19, reporting 0.0052%, ending a streak of 97 days in the negative premium range.

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