US Investor Alarm for Bitcoin: Critical Data Hits Longest Streak in History at 78 Days

The Coinbase Bitcoin Premium Index has remained in negative territory for 78 days, marking its longest-ever decline streak in history and highlighting the weakness in demand from US investors.

One of the most important indicators measuring the appetite of US institutional and retail investors in cryptocurrency markets, the Coinbase Bitcoin Premium Index, has been trending negative for a record period. According to current data shared by CoinGlass, this index has remained below the zero level for 78 consecutive days, setting the longest negative streak of all time.

With the latest data point recorded at minus 0.1145, this situation shows that the Bitcoin (BTC) price on the Coinbase exchange is trading at a lower level compared to other global exchanges. This data, generally considered a reflection of demand in the US market, indicates that investors’ buying appetite in the region has diminished or that selling pressure is above the global average.

Bitcoin Demand Weakens in the US Market

Examining the shared chart data, it is clearly seen that the positive green columns of previous periods have been replaced by a prolonged and intense red zone. This negative trend, which became apparent from the end of April, reveals that the pressure on Bitcoin price is not only global but is specifically fueled by US-based sources.

The index remaining negative symbolizes that US investors are hesitant to enter the market or are liquidating their current positions. While investors track this data as a critical indicator to determine the market’s direction, when this record 78-day period will end and when demand will turn positive again is of great importance for the future of the market.