By Isaac • July 17, 2026 12:21 pm •
For two straight months, bitcoin has traded at a discount on Coinbase.
The Coinbase premium has now spent a record 60 consecutive days below zero. Rallies still appeared during that stretch, and Friday’s drop below $63,000 arrived without the options panic that usually marks a market rushing for protection.
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The two readings come from different corners of the trade.
A discount that refused to go away.
The Block reported Friday that the Coinbase Bitcoin Premium Index had remained negative every day since May 19, extending the streak to 60 days and passing the previous 40-day record. The gauge compares bitcoin’s dollar price on Coinbase with prices available across the broader global market.
Coinbase is especially important
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