Coinbase Bitcoin Negative Premium Persists for 37 Days, Currently Reported at -0.0523%

Odaily News According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 37 consecutive days, currently reported at -0.0523%. This duration has exceeded the previous record of approximately 30 consecutive days of negative premium set during the "October 11th Crash" period.

The Coinbase Bitcoin Premium Index measures the difference between the Bitcoin price on the Coinbase platform and the global average market price. A negative index indicates that Coinbase's quoted price is lower than the global average.