According to Mars Finance, on February 21st, data from Coinglass showed that the Coinbase Bitcoin Premium Index has been in negative territory for 37 consecutive days, currently at -0.0523%, exceeding the approximately 30 consecutive days of negative premiums during the "October 11th crash." The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase and the average price in the global market. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.
Coinbase's Bitcoin premium has remained negative for 37 consecutive days, currently at -0.0523%.
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