Coinglass data shows the Coinbase Bitcoin Premium Index has remained in negative territory for two straight months, running from May 19 to July 19 for a total of 62 days. The latest reading stood at -0.0633%. Earlier this year, the index stayed below zero for 40 consecutive days between Jan. 16 and Feb. 24, setting what was then the longest negative streak since the indicator was introduced. The current run has now moved past that stretch and is also longer than the roughly 30 days of consecutive negative premium recorded during the “1011 crash” period. The update was reported by ChainCatcher.
According to ChainCatcher, citing data from Coinglass, the Coinbase Bitcoin Premium Index has stayed in negative territory for two straight months, from May 19 to July 19, for a total of 62 consecutive days. The latest reading was -0.0633%.
Earlier this year, the index remained negative for 40 straight days from Jan. 16 to Feb. 24, setting the longest such streak since the indicator was launched at that time. The current negative run has now exceeded that period and is also longer than the roughly 30 consecutive days of negative premium seen during the “1011 crash.”
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