Coinbase Bitcoin Premium Index has been in negative premium for 33 consecutive days, setting the longest streak of "continuous negatives" since May 2023

Odaily News According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 33 consecutive days, currently reported at -0.0477%. This marks the longest streak of "continuous negative" days since May 2023, exceeding the approximately 30-day period of continuous negative premium during the "October 11 crash".

The Coinbase Bitcoin Premium Index measures the difference between the Bitcoin price on Coinbase and the global average market price. A negative premium typically reflects greater selling pressure in the US market, declining investor risk appetite, rising market risk aversion, or capital outflows.