Coinbase Bitcoin Premium Index Hits 50-Day Negative Streak, Sets Record

BTC-0.60%
According to Coinglass data, Coinbase's Bitcoin premium index has remained in negative territory for 50 consecutive days as of July 8, marking the longest stretch on record, with the latest reading at -0.0696%. The index measures the price differential between Bitcoin on Coinbase, a major U.S. trading platform, and the global market average, with negative readings typically indicating increased selling pressure in the U.S. market.
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