Coinfomania and CoinTurk News EN both report a 90-day negative Coinbase Bitcoin Premium Index but credit different individuals as the source of the observation.
Coinfomania and CoinTurk News EN both report a 90-day negative Coinbase Bitcoin Premium Index but credit different individuals as the source of the observation.
What all sources agree on
- Coinbase Bitcoin Premium Index has recorded a 90-day negative streak.
- The negative streak stretches from May 19 to August 16.
- The index reading is close to -0.1% (Coinfomania states -0.1066%; CoinTurk News EN states 'close to -0.1%').
- This is described as the longest such negative streak on record.
- A negative index reflects Bitcoin trading at a discount on Coinbase relative to Binance, suggesting weaker U.S. buying demand.
Where the reports disagree
1Who reported/credited the 90-day negative streak observation
The Coinbase Bitcoin Premium Index has set a record with 90 consecutive days in negative territory, as reported by crypto commentator @WuBlockchain.
Market observer JohnNguyen reported that the Coinbase Bitcoin Premium Index has remained negative for 90 consecutive days, stretching from May 19 to August 16.
What to make of it
Treat the 90-day negative streak, its date range, and the roughly -0.1% reading as established since both outlets agree on these figures; the identity of who first reported or is credited with the observation is unresolved, as the two accounts cannot both be correct.
Treat the 90-day negative streak, its date range, and the roughly -0.1% reading as established since both outlets agree on these figures; the identity of who first reported or is credited with the observation is unresolved, as the two accounts cannot both be correct.
