
February 18th — Per Coinglass data, Coinbase’s Bitcoin Premium Index has stayed in negative territory for 34 straight days, currently at -0.0545%. This streak surpasses the roughly 30 consecutive days of negative premium seen during the “1011 Crash.” The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin’s price on Coinbase and the global market average. A negative premium typically signals U.S. market selling pressure, lower investor risk appetite, heightened risk aversion, or capital outflows.
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