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Bitcoin trades below global reference on Coinbase for 39th day, signaling weak US demand.

Market News
01 Nov 2026, 16:30 WIB
Tokenpost
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Bearish
Bitcoin trades below global reference on Coinbase for 39th day, signaling weak US demand.

Bitcoin's price on Coinbase has remained below its global reference price for 39 consecutive days, with the latest premium reading at -0.17%. This negative premium indicates that Bitcoin is trading at a discount on Coinbase compared to worldwide markets, reflecting softer demand in the US. The trend suggests increased selling pressure, reduced investor appetite for risk, or possible capital outflows from the US market. This ongoing pattern highlights a cautious mood among US investors toward Bitcoin.

Bitcoin's Coinbase premium index is noted here with a negative trend lasting 39 days. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 01, 2026 21:01 WIB: Out of 50 major cryptocurrencies, 32 rose and 17 fell today. Notable movers include AXS at Rp15.910 (+2.47%), ENJ at Rp444 (+2.37%), and BCH at Rp5.133.829 (-2.34%).

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