Coinbase Bitcoin Premium Index Records 75 Days of Negative Premium

The Coinbase Bitcoin Premium Index has been in negative premium territory for 75 consecutive days, from May 19 to the present, with the latest value at -0.0959%. Previously, the index was in negative premium for 40 consecutive days from January 16 to February 24, setting a record for the longest continuous negative premium since the index was launched, surpassing the approximately 30 days of continuous negative premium during the "1011 crash" period. This index measures 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.

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