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Coinbase Bitcoin Premium Index hits record 60 days negative, signaling weak US institutional Bitcoin demand.

Market News
17 Jul 2026
Crypto Briefing
View Source
Bearish
Coinbase Bitcoin Premium Index hits record 60 days negative, signaling weak US institutional Bitcoin demand.

The Coinbase Bitcoin Premium Index has remained negative for 60 consecutive days, indicating sustained weak institutional demand for Bitcoin in the U.S. This is the longest negative streak recorded, surpassing the previous 30-day record during the 2010-11 crash. Bitcoin's price hovers around $63,000-$64,000 but faces resistance levels. Meanwhile, Ethereum's chances of reaching $10,000 by the end of 2026 are low, with only a 1.9% probability, reflecting reduced institutional interest. Investors should watch for changes in U.S. institutional demand and significant developments in Ethereum that could impact market trends.

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