Coinbase Bitcoin Premium Index remains negative for 95 consecutive days, setting a new all-time record

Odaily News: The Coinbase Bitcoin Premium Index negative premium has narrowed to -0.0221%, but 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 the longest continuous negative premium record 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 days. This index measures the Bitcoin price spread between Coinbase Pro and Binance.