Coinbase Bitcoin Premium Index Hits 44-Day Losing Streak at -0.1089%, Longest Negative Run on Record

BTC0.70%
According to ChainCatcher citing Coinglass data, Coinbase Bitcoin premium index has remained in negative territory for 44 consecutive days as of today, with the latest reading at -0.1089%. The streak marks the longest continuous negative premium since the indicator's debut, surpassing the previous record of 40 consecutive days set from January 16 to February 24 this year. A negative premium indicates institutional investors on Coinbase are selling more than retail traders on Binance, suggesting heavier selling pressure and reduced institutional demand.
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