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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/03/2026

Bitcoin Holds $62K as Coinbase Premium Hits 77-Day Negative Streak

What happened: Bitcoin traded around $62,700 on August 3, while the Coinbase premium—a measure of US spot demand—remained negative for a record 77 consecutive days, according to Coinglass.

Bitcoin Holds $62K as Coinbase Premium Hits 77-Day Negative Streak

What happened: Bitcoin traded around $62,700 on August 3, while the Coinbase premium—a measure of US spot demand—remained negative for a record 77 consecutive days, according to Coinglass. The previous record was 40 days earlier this year, during a sharp BTC price decline. Despite this persistent discount, US spot Bitcoin ETFs saw $172.43 million in net inflows in July, reversing June's outflows. Meanwhile, crypto exchanges processed $1.32 trillion in tokenized TradFi perpetuals in the first five months of 2026, suggesting a shift in capital allocation.

Why it matters: The ongoing negative Coinbase premium signals that US spot buyers are less aggressive than overseas traders, even as ETF inflows have turned positive. Analysts are split: some view the discount as a bearish signal reflecting institutional liquidation, while others see it as capital rotation into tokenized traditional finance products rather than outright selling. The contradiction between ETF inflows and spot market behavior highlights diverging investor strategies in the US versus global markets.

Source: Cointelegraph