According to CoinMeta, the Bitcoin premium index for Coinbase has been negative for 38 consecutive days, with the latest reading at -0.2434%. This index measures the price difference between Coinbase Pro and Binance. A negative value typically indicates that the quotes for Coinbase are relatively low, which may reflect weak buying interest or significant selling pressure in the US market. Previously, on August 24th, the index reached 0.0052%, turning positive for the first time since May 19th, ending a 97-day consecutive negative premium period.