Bitcoin Keeps Trading Cheap on Coinbase — 61 Days and Counting
Bitcoin has now spent 61 consecutive days trading below its global price on Coinbase, according to Cointelegraph. The unbroken discount flips the usual narrative of US buyers paying up for BTC. It's a stretch traders watch for cues on where American demand is headed.
Bitcoin has logged 61 straight days trading under its global average price on Coinbase, per an update from Cointelegraph. That means anyone buying BTC on the US exchange has been paying less than the worldwide benchmark — day after day, for two full months.
The gap between Coinbase's BTC price and the global average is a closely watched signal. When it runs positive, it usually points to aggressive US buying pressure; when it runs negative, it suggests the bid is softer on Coinbase than in the rest of the market.
What stands out here is the duration. A single day below the global price is noise. Sixty-one in a row is a pattern, and it's the kind of streak traders use as a read on whether American demand is lagging other regions.
No word yet on what snaps the run. Market watchers will be tracking whether the discount narrows or flips positive — the first sign that US buyers are stepping back in.
TopicsBitcoin · BTC · Coinbase · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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