Data: Coinbase Bitcoin negative premium has lasted for 36 days, currently reported at -0.0467%

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 36 consecutive days, currently reported 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 the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.