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Coinbase Premium Stays Negative for 77 Days, a Record Streak

Coinbase Premium Stays Negative for 77 Days, a Record Streak

tags. We'll translate each paragraph. Let's translate paragraph by paragraph. Original: "

Bitcoin touched $62,000 this week, but a key metric tells a different story about who's actually buying. The Coinbase premium — the price difference between BTC on Coinbase and on Binance — has been negative for 77 consecutive days. That's the longest such streak on record, and it suggests US spot buyers are still sitting on their hands compared to traders elsewhere.

" Translation: "بیتکوین این هفته به ۶۲,۰۰۰ دلار رسید، اما یک معیار کلیدی داستان متفاوتی درباره اینکه واقعاً چه کسی در حال خرید است، روایت میکند. پریمیوم کوینبیس — تفاوت قیمت بیتکوین در کوینبیس و بایننس — به مدت ۷۷ روز متوالی منفی بوده است. این طولانیترین روند ثبتشده است و نشان میدهد خریداران نقدی آمریکایی در مقایسه با معاملهگران سایر نقاط همچنان دست نگه داشتهاند." We need to ensure numbers: $62,000 -> ۶۲,۰۰۰ دلار (Persian uses Persian digits? Usually in Persian texts, they use Persian numerals (۰-۹) but sometimes they use Western digits. Since it's a news article, we can use Persian digits for readability. But the original uses "$62,000" so we can write "۶۲,۰۰۰ دلار" or keep as is? The instruction says keep all facts, numbers, and data accurate. We should translate the number into Persian digits? Usually Persian uses Eastern Arabic numerals (۰-۹) but also often uses Western digits in technical contexts. I'll use Persian digits for consistency. Also, "77" -> "۷۷". "consecutive days" -> "روز متوالی". "streak" -> "روند" or "سری". I used "روند" but it might be "سری" or "توالی". I'll use "روند" for streak? Actually, "streak" in this context means a consecutive series. "روند" means trend, which is similar. Better to use "سری" or "توالی". I'll use "سری" but "سری" can be ambiguous. Let's use "توالی" (sequence). So "طولانیترین توالی ثبتشده" but that's not natural. Maybe "طولانیترین روند متوالی" is fine. I'll use "روند" as it's common in financial context. Actually, "record streak" - we can say "رکورد توالی" but I'll go with "روند" and later we have "streak" again. I'll use "روند" for consistency. Also, "sitting on their hands" - "دست نگه داشتهاند" is a good idiom. Now second paragraph: "

77 days and counting

" -> "

۷۷ روز و همچنان ادامه دارد

" or "۷۷ روز و در حال افزایش" but "counting" means it's still going. So "۷۷ روز و هنوز ادامه دارد" is good. Then: "

The persistent discount means Coinbase's BTC price has consistently lagged the global average. A negative premium typically signals weaker demand from US-based investors, who often use Coinbase as their primary on-ramp. The previous record was shorter, but this stretch has now blown past it. The streak started in late May and hasn't let up, even as Bitcoin rallied from the mid-$50,000s to $62,000.

" Translation: "تخفیف مداوم به این معناست که قیمت بیتکوین در کوینبیس به طور مداوم از میانگین جهانی عقبتر بوده است. پریمیوم منفی معمولاً نشاندهنده تقاضای ضعیفتر از سوی سرمایهگذاران مستقر در ایالات متحده است که اغلب از کوینبیس به عنوان درگاه ورود اصلی خود استفاده میکنند. رکورد قبلی کوتاهتر بود، اما این دوره اکنون از آن عبور کرده است. این روند از اواخر ماه مه آغاز شده و همچنان ادامه دارد، حتی در حالی که بیتکوین از حدود ۵۰,۰۰۰