Coinbase Bitcoin Premium Index Records 55 Consecutive Days of Negative Premium, Setting a New Record

Odaily reports that the Coinbase Bitcoin Premium Index has been in a negative premium range for 55 consecutive days, from May 19 to date, with the latest reading at -0.0072%. Previously, the index recorded 40 consecutive days of negative premium from January 16 to February 24 this year, setting a record for the longest consecutive negative premium since the indicator's launch, exceeding the approximately 30 consecutive negative premium days during the "1011 crash" period.