Coinbase Bitcoin Premium Index has been in negative premium for 40 consecutive days

Odaily News According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative premium for 40 consecutive days, currently reported at -0.0467%, setting the longest streak of negative readings since the indicator's launch. This surpasses the approximately 30-day period of continuous negative premium during the "1011 crash."

The Coinbase Bitcoin Premium Index measures the difference between the Bitcoin price on Coinbase (a major U.S. trading platform) and the global average market price. A negative premium typically reflects greater selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.