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Coinbase Bitcoin Premium has been negative for 90 days, setting a new all-time high for the longest streak in history
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BlockBeats News, August 16th, according to CoinGlass data, Coinbase's Bitcoin Premium Index has been in a continuous negative premium range for 90 days from May 19th to August 16th, with the latest reading at -0.1066%, setting a new record for the longest consecutive negative premium since the introduction of this index.

The previous record was a 40-day consecutive period from January 16th to February 24th this year, exceeding the approximately 30-day consecutive negative premium during last year's "10/11 Crash".

The Coinbase Bitcoin Premium Index is used to measure the Bitcoin price difference between Coinbase Pro and Binance. A continuous negative value usually means that the Coinbase price is relatively lower, reflecting a weak buying pressure in the U.S. market or a significant selling pressure. However, it is not appropriate to conclude solely based on this index that institutional funds are flowing out.

Fuente:BlockBeats

Descargo de responsabilidad: El contenido actual proviene de perspectivas de terceros o es traducido directamente por IA a partir de perspectivas de terceros. CoinEx no garantiza la autenticidad, exactitud u originalidad del contenido, y no constituye ningún consejo de inversión. Los precios de las criptomonedas son altamente volátiles, por lo que debe ser consciente de los riesgos potenciales.

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