On February 24th, according to Coinglass data, the Coinbase Bitcoin Premium Index once again set a new record for the longest period of negative premium, remaining in negative territory for 40 consecutive days, currently at -0.0335%. This surpasses the approximately 30 consecutive days of negative premium during the "10/11 crash." Since 2026, the index has only recorded a positive premium on two trading days.
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 usually reflects strong selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflow.
