Coinbase Premium Index Sets Historical Record with 77 Consecutive Days of Negative Values
Source：
cointelegraph.com
According to Cointelegraph, Bitcoin fell below $63,000 on Monday, currently trading at approximately $62,362, while the Coinbase Premium Index has recorded negative values for 77 consecutive days, setting a historical record for the longest negative premium. According to Coinglass data, as of Monday, the latest premium rate was -0.1369%, indicating that the price of BTC on Coinbase continues to be lower than on international exchanges.
Markus Thielen, head of 10x Research, stated that the persistent discount indicates that selling pressure from U.S. institutional investors continues to outweigh buying demand, and U.S. domestic institutions are continuing to reduce their Bitcoin holdings.
