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Data: Coinbase Bitcoin Premium Index has been in negative premium for 33 consecutive days, marking the longest "continuous negative" record since 2023.
Mars Finance reports that, according to Coinglass data, Coinbase Bitcoin Premium Index has been in negative premium for 33 consecutive days, currently at -0.0477%, marking the longest streak of negative premium since 2023, surpassing the approximately 30 days of consecutive negative premium during the “1011 crash.” The Coinbase Bitcoin Premium Index is used to measure the difference between Bitcoin prices on Coinbase and the average global market price. A negative premium typically indicates greater selling pressure in the U.S. market, decreased investor risk appetite, rising market risk aversion, or capital outflows.