Coinbase Bitcoin's negative premium has continued for 97 days, continuing the longest record in history

Comparative news, according to CoinGlass data, the Coinbase Bitcoin Premium Index has been in a negative premium range for 97 consecutive days from May 19 to August 23. The latest report was -0.0266%, continuing the longest continuous negative premium record since the indicator was launched.

The previous longest record was 40 consecutive days from January 16 to February 24 this year, which also surpassed the 30-day continuous negative premium period during the 1011 crash last year.

The Coinbase Bitcoin Premium Index measures the spread of Bitcoin between Coinbase Pro and Binance. The index continues to be negative, which usually means that Coinbase's price is relatively low, which can reflect weak buying or high selling pressure in the US market, but it is not appropriate to use this indicator alone to directly determine that institutional capital is flowing out.