Odaily Planet Daily reports: The Coinbase Bitcoin Premium Index has been in a negative premium zone for 55 consecutive days, since May 19, with the latest reading at -0.0072%. Previously, the index recorded 40 consecutive days of negative premium from January 16 to February 24 this year, setting the longest continuous negative premium streak since its launch and surpassing the approximately 30 consecutive days of negative premium during the "1011 crash."
Coinbase Bitcoin Premium Index in Negative Premium for 55 Consecutive Days, Longest on Record
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Summary
Bitcoin news: The Coinbase Bitcoin Premium Index has remained in a negative premium for 55 consecutive days, from May 19 to July 12, with the latest value at -0.0072%, breaking the previous record of 40 consecutive days in negative premium. On-chain data shows this streak surpasses the 30-day negative premium observed during the 2011 crash.
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