Coinbase Bitcoin Premium Index Records 75 Consecutive Days of Negative Premium, Setting a New Longest Streak

Odaily News: The Coinbase Bitcoin Premium Index has remained in negative territory for 75 consecutive days (since May 19), with the latest reading at -0.0959%. Previously, the index recorded a 40-day negative premium streak from January 16 to February 24 this year, setting the longest consecutive negative premium record since the indicator's launch, surpassing the roughly 30-day streak observed during the "1011 crash" period.

The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin on Coinbase and the global market average. A negative premium typically reflects significant selling pressure in the U.S. market, declining investor risk appetite, heightened risk-off sentiment, or capital outflows.