Coinbase Bitcoin Premium Index Hits 48-Day Negative Streak, Longest Record Since Launch

BTC-0.82%
According to ChainCatcher and Coinglass data, Coinbase's Bitcoin premium index has remained negative for 48 consecutive days since May 19, with the latest reading at -0.0911%. The streak surpasses the previous record of 40 consecutive negative days set from January 16 to February 24 this year, marking the longest negative stretch since the index's inception.
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