BlockBeats News, February 24th, according to Coinglass data, the Coinbase Bitcoin Premium Index has once again set a recent record for the duration of negative premium, staying in a negative premium for 40 consecutive days, currently at -0.0335%, exceeding the roughly 30 days of consecutive negative premium during the ‘1011 Crash.’ Since 2026, this index has only seen a premium on 2 trading days.
The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium usually reflects a greater selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.
