Coinbase Bitcoin Premium Index Stays Negative for 49 Consecutive Days Since May 19, Setting Record

BTC1.62%
According to Coinglass data, Coinbase Bitcoin Premium Index has remained in negative territory for 49 consecutive days from May 19 to present, with the latest reading at -0.1072%. This extends the previous record of 40 consecutive days of negative premium set from January 16 to February 24, surpassing the roughly 30-day negative streak observed during the 2011 market collapse.
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