POPA ReconCoinbase Bitcoin Premium Index Hits Record 50-Day Negative Premium Streak
Coinbase Bitcoin Premium Index Hits Record 50-Day Negative Premium Streak According to Coinglass data, the Coinbase Bitcoin Premium Index has remained negative for 50 consecutive days since May 19, extending the longest negative streak since the indicator was launched. The latest reading stands at -0.0742%. The previous record was a 40-day negative streak from January 16 to February 24 this year, longer than the roughly 30-day streak seen during the "1011 crash." Prolonged negative premiums are often associated with weaker U.S. institutional demand or short-term market pressure. — link
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