Bitcoin Coinbase Premium negative for 50 straight days, a new record

The Bitcoin Coinbase Premium has remained in negative territory for 50 consecutive days, a streak that began on May 19. This extends the all-time record for the longest continuous negative period, surpassing the previous record of 40 days set between Jan. 16 and Feb. 24. The Coinbase Premium reflects the price difference between BTC on Coinbase, the largest crypto exchange in the U.S., and its global market price. Typically, a positive reading suggests capital inflows and demand from the U.S., whereas a negative reading is interpreted as capital outflows and waning demand.