Mars Finance reports that, according to Coinglass data, Coinbase Bitcoin Premium Index has been in negative premium for 36 consecutive days, currently at -0.0467%. This exceeds the approximately 30 days of consecutive negative premium during the “1011 crash” period and is also the longest “negative streak” since May 2023. The Coinbase Bitcoin Premium Index is used to measure the difference between Bitcoin prices on Coinbase and the average global market price. Negative premium typically indicates greater selling pressure in the U.S. market, decreased investor risk appetite, increased market risk aversion, or capital outflows.
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Data: Coinbase Bitcoin negative premium has persisted for 36 days, currently at -0.0467%.
Mars Finance reports that, according to Coinglass data, Coinbase Bitcoin Premium Index has been in negative premium for 36 consecutive days, currently at -0.0467%. This exceeds the approximately 30 days of consecutive negative premium during the “1011 crash” period and is also the longest “negative streak” since May 2023. The Coinbase Bitcoin Premium Index is used to measure the difference between Bitcoin prices on Coinbase and the average global market price. Negative premium typically indicates greater selling pressure in the U.S. market, decreased investor risk appetite, increased market risk aversion, or capital outflows.