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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%
08/04/2026

Bitcoin Maintains $63K as Coinbase Premium Logs Record 77-Day Negative Streak

What happened: Bitcoin traded near $63,000, with the Coinbase Premium Index—measuring the price difference between Coinbase and global exchanges—remaining negative for 77 consecutive days since May 19

Bitcoin Maintains $63K as Coinbase Premium Logs Record 77-Day Negative Streak

What happened: Bitcoin traded near $63,000, with the Coinbase Premium Index—measuring the price difference between Coinbase and global exchanges—remaining negative for 77 consecutive days since May 19, 2026. This marks the longest negative streak on record, surpassing the previous 40-day run earlier this year. Despite this, US spot Bitcoin ETF net inflows reversed course in July, reaching $172.43 million after outflows in June. Analysts attribute the persistent negative premium to ongoing selling pressure from US-based institutions, even as foreign demand appears to support the price.

Why it matters: The prolonged negative premium suggests US institutional demand for spot bitcoin remains weak relative to global appetite, raising questions about the sustainability of price support from overseas buyers. The positive ETF inflows in July complicate the narrative, indicating that while some US capital is returning via regulated vehicles, direct spot buying on US exchanges lags. This divergence could signal shifting market structure or persistent risk aversion among US-based players.

Source: Cointelegraph