Coinbase Bitcoin Premium has been negative for 39 days, currently standing at -0.0405%.

BlockBeats News, February 23, according to Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 39 consecutive days, currently at -0.0405%, exceeding the duration of continuous negative premium during the '1011 Crash' by about 30 days. Since 2026, this index has only recorded a premium on 2 trading days.

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 selling pressure in the U.S. market, a decrease in investor risk appetite, warming market risk aversion sentiment, or capital outflows.