Coinbase Bitcoin Premium has been negative for 34 days, currently standing at -0.0545%.

BlockBeats News, February 18, according to Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 34 consecutive days, currently at -0.0545%, exceeding the approximately 30 days of continuous negative premium during the '1011 Crash'.

The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium usually reflects a higher selling pressure in the U.S. market, a decrease in investor risk appetite, an increase in market risk aversion, or capital outflows.