TechFlow reports that, as of February 24, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 40 consecutive days, currently standing at -0.0467%—the longest streak of continuous negative premium since the index’s launch, surpassing the roughly 30-day stretch of consecutive negative premium observed during the “October 11 crash.”
The Coinbase Bitcoin Premium Index measures the difference between Bitcoin’s price on Coinbase (a major U.S. exchange) and the global market’s average Bitcoin price. A negative premium typically reflects stronger selling pressure in the U.S. market, declining investor risk appetite, heightened market risk-aversion sentiment, or capital outflows.
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