Coinglass data shows the Coinbase Bitcoin Premium Index is negative for 40 consecutive days (current reading -0.0467%), the longest streak since 2023. The premium briefly narrowed after Bitcoin’s Feb. 5 crash but never turned positive even as price recovered up to 15%, suggesting U.S. buyers have not returned. A prior ~30-day negative streak occurred in October 2025. U.S. Google searches for “bitcoin zero” hit record highs earlier this month while global interest remained flat.

The Coinbase Bitcoin Premium Index has been negative for 40 days (current -0.0467%) and did not turn positive during a up-to-15% price recovery, indicating U.S. buyer absence; Google searches for “bitcoin zero” reached record highs this month, and a similar ~30-day negative streak occurred in Oct 2025.