Coinbase Bitcoin Premium has remained negative for 40 consecutive days, with buying power in the US market continuing to be weak

BlockBeats News, February 24th, according to Coinglass data, the Coinbase Bitcoin Premium Index has once again set a recent record for the duration of negative premium, staying in a negative premium for 40 consecutive days, currently at -0.0335%, exceeding the roughly 30 days of consecutive negative premium during the '1011 Crash.' Since 2026, this index has only seen 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 a greater selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.