Data: Coinbase Bitcoin negative premium has lasted for 34 days, currently reported at -0.0545%

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 34 consecutive days, currently reported at -0.0545%, exceeding the approximately 30 days of consecutive negative premium during the "1011 crash."

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 decrease in investor risk appetite, heightened market risk aversion, or capital outflows.