Bitcoin Cheaper in US Than Global Average: 50-Day Record Streak
Bitcoin prices on Coinbase have been lower than Binance for 50 consecutive days.
1Historic Price Gap
Bitcoin traded at lower prices on Coinbase compared to Binance for 50 straight days. The -0.0742% premium indicates weaker US investor demand, coinciding with spot Bitcoin ETF outflows during the same period.
2ETF Outflow Impact
US spot Bitcoin ETFs saw approximately $6 billion in net outflows in H1 2026. A particularly harsh $2.6 billion outflow in just 9 trading days late June intensified market chill. BlackRock's IBIT hasn't shown sustained inflows yet.
3Institutional Investor Expectations
Analysts emphasize the need for consistent ETF inflows, especially into IBIT, for market recovery. ETF flows remain a key metric for institutional investors. Current data suggests dampened appetite in the US market.
4Previous Record Broken
Coinbase Bitcoin Premium Index's 50-day negative streak surpassed the previous 40-day record. While the gap seems small (-0.0742%), its persistence is meaningful. Some data shows the gap reaching -0.0911%.
5Despite Market Movements
Bitcoin's longest rally since March (6 days) and rise to $63,481 failed to close this gap. This reveals the US market's more cautious stance compared to global markets.
6What to Expect?
Market participants are monitoring sustainable inflows into BlackRock's IBIT. Whether Coinbase's discount continues will provide crucial signals about US investor sentiment. For now, the 50-day record speaks volumes.
Original article: Bitcoin News — Bitcoin ABD'de Küresel Ortalamadan Ucuz: 50 Günlük Rekor