BTC Coinbase Premium negative for 55 consecutive days

The Bitcoin Coinbase Premium has remained in negative territory for 55 consecutive days since May 19, setting a new record. This surpasses the previous record of 40 straight negative days, which occurred from Jan. 16 to Feb. 24. The Coinbase Premium measures the price difference for BTC between the largest U.S. exchange, Coinbase, and the global average. A positive premium typically indicates capital inflow and demand from the U.S., whereas a negative premium suggests capital outflow and demand exhaustion.