Coinbase ($COIN) negative for the 44th consecutive day... Bitcoin (BTC) premium spread narrows
Original headline코인베이스($COIN) 44일째 음수…비트코인(BTC) 프리미엄 폭 축소
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Coinbase’s bitcoin premium index has stayed negative for 44 consecutive days, with CoinGlass’s latest seven-day reading at -0.17%, meaning BTC/USD on Coinbase Pro trades below BTC/USDT on Binance. The discount has narrowed from -0.2434% on October 31, when the streak stood at 38 days, a 0.0734 percentage-point reduction in the gap even as the run of negative prints extended by six days. The persistent discount points to softer U.S. spot demand relative to offshore venues, a signal traders watch for shifts in Coinbase-led buying. Watch whether the index climbs back toward zero and whether the streak breaks, which would indicate U.S. buyers are again paying up relative to Binance.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Coinbase (COIN), Bitcoin (BTC), Binance, CoinGlass
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