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

Odaily reports that the Coinbase Bitcoin Premium Index has remained in negative premium territory for 55 consecutive days, from May 19 to the present, 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 the longest consecutive negative premium record since the index's launch, surpassing the approximately 30 consecutive days of negative premium during the "1011 crash" period.