Coinbase Bitcoin Premium Index Remains Negative for 95 Consecutive Days, Setting a New All-Time Record

According to Odaily, the Coinbase Bitcoin Premium Index has narrowed its negative premium to -0.0221%, but it remains in negative territory. Data shows that from May 19 to August 21, the indicator has been in negative premium territory for 95 consecutive days, setting a new record for the longest streak of negative premiums since its launch. The previous record was 40 consecutive days from January 16 to February 24 this year; during last year's "October 11 crash," the negative premium lasted approximately 30 consecutive days. This index is used to measure the Bitcoin price difference between Coinbase Pro and Binance.