The Coinbase Bitcoin (BTC) premium, a key indicator of US investor sentiment, has been negative for three consecutive weeks, according to CryptoQuant data. This metric tracks the price difference between Bitcoin on Coinbase (USD market) and Binance (USDT market). Since flipping negative on October 31st, the sustained downward trend suggests ongoing weakness in buying pressure from US investors. A negative premium indicates that BTC is trading at a lower price on Coinbase compared to Binance, signaling reduced demand from American buyers. This trend could be attributed to various factors, including regulatory uncertainty, macroeconomic concerns, or a shift in investment preferences among US-based crypto investors. Continued monitoring of the Coinbase premium will be crucial for gauging future Bitcoin price movements and overall market sentiment. ```