Coinbase Bitcoin Premium Extends Historic 51-Day Negative Streak

The Coinbase Bitcoin Premium has remained below zero for 51 consecutive days, marking its longest negative run on record, according to crypto analyst Ted Pillows.

This persistent gap between prices on Coinbase and offshore exchanges has held since mid-May, signaling sustained weaker pricing on the platform throughout this period.

Analyst Ali Martinez linked the trend to softening institutional demand, noting a cooling phase in spot Bitcoin ETF flows driven by sustained net outflows. He added that U.S. investors are largely holding back, awaiting clearer macroeconomic conditions before returning to the market.

Source: Ted Pillows, Ali Charts