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Will the bear market continue? Coinbase Bitcoin The Premium Index has remained negative for 44 consecutive days, setting a new record for the “longest streak of negative readings.” It currently stands at -0.1089%.
Svmuu News: According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 44 consecutive days (from May 19 to present), with the latest reading at -0.1089%.This index measures the deviation of BTC prices on Coinbase (a major U.S. compliant platform) from the global average price. A sustained negative value indicates heavy selling pressure in the U.S. market, a decline in risk appetite, capital outflows, or rising risk-averse sentiment.Historical data shows that prolonged negative premiums are often accompanied by the exit of U.S. institutional capital, so caution is warranted regarding short-term correction pressure. Darkfost, an author on the CryptoQuant platform, noted in a post that institutional demand for BTC tends to lag. Coinbase The Premium Index is primarily used to assess demand for Bitcoin among professionals and institutions. By comparing BTC prices on Coinbase Advanced and Binance, you can directly gauge the buying behavior of these users. A negative value indicates that institutional investors are selling more than retail investors, who are mostly active on Binance. Their behavior has led to a decline in the price of the Coinbase Advanced Index. Previously, the index remained in negative premium for 40 consecutive days from January 16 to February 24 of this year, setting the longest streak of negative premiums since the indicator’s launch and surpassing the approximately 30-day streak recorded during the “1011 crash.”
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