Coinbase Bitcoin Premium Index has been in negative premium for 40 consecutive days, setting the longest "continuous negative" record to date.

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Deep Tide TechFlow News: On February 24, according to Coinglass data, Coinbase Bitcoin Premium Index has been in negative premium for 40 consecutive days, currently at -0.0467%, setting the longest “continuous negative” record since the index was launched, surpassing the approximately 30 days of negative premium during the “1011 crash.”

The Coinbase Bitcoin Premium Index measures the difference between Bitcoin prices on Coinbase (a major US trading platform) and the global market average. Negative premium typically indicates greater selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.

BTC-4.53%
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