The Coinbase Premium Index for Bitcoin has stayed negative for 102 consecutive days, pointing to persistently weaker U.S. demand for the asset than the broader global market shows. The streak could also feed into sentiment around Ethereum's price outlook, where prediction markets currently assign low odds to Ether reaching $10,000 by the end of 2026.
The Coinbase Premium Index for Bitcoin has remained negative for 102 consecutive days, signaling continued weaker demand on Coinbase compared with the global market. Bitcoin has therefore traded at a discount on the U.S.-based exchange throughout that stretch. Historically, negative readings on the index serve as a proxy for reduced U.S. spot demand.
Sentiment spills into Ethereum's outlook
The ongoing situation aligns with broader market dynamics affecting sentiment around Bitcoin, which could in turn influence related markets such as Ethereum. In the context of Ethereum's price predictions, that sentiment may contribute to how the market views Ether's chances of reaching higher price thresholds by year-end.
Prediction markets currently price Ethereum reaching $10,000 by December 31, 2026 at odds between 1% and 4.5% across different sub-markets, reflecting low expectations for that move.
Source: Crypto Briefing
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