Coinbase Bitcoin Premium Index Negative for 8 Consecutive Days, Reflecting Weak U.S. Buying Power

KuCoinFlash

Release Time: 05/23/2026 12:10:37

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Summary

As of May 23, 2026, Coinbase’s Bitcoin premium index has been negative for eight consecutive days, currently at -0.1197%. Technical analysis of crypto indicates weak U.S. buying demand, with the index reflecting increased selling pressure and reduced risk appetite. Bitcoin spot ETFs continue to report outflows. Traders are closely monitoring key support and resistance levels as market sentiment remains bearish.

BlockBeats news, on May 23, according to Coinglass data, Coinbase’s Bitcoin premium index has remained in negative territory for eight consecutive days, currently at -0.1197%, as Bitcoin spot ETFs continue to experience outflows and U.S. purchasing power remains weak.

The Coinbase Bitcoin Premium Index measures the difference between Bitcoin's price on Coinbase and the global market average price. A negative premium typically reflects stronger selling pressure in the U.S. market, declining investor risk appetite, rising risk-off sentiment, or capital outflows.

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