https://www.costar.com/article/1157093459/coinbase-signs-major-san-francisco-office-deal-after-ditching-headquarters-during-pandemic
The Coinbase Bitcoin Premium Index has maintained a negative reading for 60 consecutive days, as reported by WuBlockchain. This trend suggests continued weak institutional demand for Bitcoin in the U.S. market compared to global exchanges like Binance. The index, currently at -0.0081%, marks the longest stretch of negative premium since the previous record of around 30 days during the “10·11 crash.” This development aligns with evidence of U.S. institutional capital reducing exposure, despite mixed indications in global demand. Bitcoin’s price remains near $63,000–$64,000, having rebounded from a recent low but still below key resistance levels.
Ethereum’s future price predictions appear to be impacted by this ongoing negative premium. The Ethereum market, specifically the odds of it reaching $10,000 by the end of 2026, shows a low likelihood, with a 1.9% YES probability. This is consistent with the broader sentiment of reduced institutional interest and the potential for a negative impact on Ethereum’s price expectations.
Key Takeaways
The Coinbase Bitcoin Premium Index appears to indicate sustained weak U.S. institutional demand for Bitcoin over the last 60 days.
