BTC Coinbase premium negative for 36 straight days, longest since May 2023

According to data from CoinGlass, the Coinbase Bitcoin Premium Index has been negative for 36 consecutive days, currently standing at -0.0467%. The index measures the price difference for Bitcoin between the U.S. cryptocurrency exchange Coinbase and the global market average. This marks the longest such streak since May 2023, surpassing the roughly 30-day negative period seen during the market crash on Oct. 11 of last year.