TechFlow News, February 17: According to Coinglass data, the Coinbase Bitcoin premium index has remained negative for 33 consecutive days, currently standing at -0.0477%, marking the longest streak of consecutive negative premiums since May 2023. This streak has surpassed the roughly 30-day period of consecutive negative premiums following the “October 11 crash.”
The Coinbase Bitcoin premium index measures the difference between Bitcoin’s price on the Coinbase platform and the global market’s average Bitcoin price. A negative premium typically reflects stronger selling pressure in the U.S. market, indicating declining investor risk appetite, heightened market risk-aversion sentiment, or capital outflows.
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