Coinbase Bitcoin Negative Premium Hits Record 97-Day Streak

Data from CoinGlass shows that the Coinbase Bitcoin premium index has remained in negative territory for 97 consecutive days from May 19 to August 23, marking the longest streak since the metric's inception. The previous record was 40 days earlier this year. A persistent negative premium suggests weaker buying interest or higher selling pressure in the U.S. market, though it does not definitively confirm institutional capital outflows.