The Coinbase Bitcoin Premium Index has recorded negative values for 51 consecutive days, with purchasing power in the U.S. market continuing to languish in the doldrums.

November 14th, according to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for 51 consecutive days, with the latest reading at -0.1%, as purchasing power in the U.S. market continues to languish.

Previously, on August 24th, the Coinbase Bitcoin Premium Index showed a positive signal for the first time since May 19th, registering 0.0052%, briefly ending the longest negative premium streak in history at 97 consecutive days.

The Coinbase Bitcoin Premium Index measures the price difference of Bitcoin between Coinbase Pro and Binance. A persistently negative index typically indicates that Coinbase's quotes are relatively lower, reflecting weak buying interest or heavy selling pressure in the U.S. market, but it should not be used solely to conclude that institutional capital is flowing out.