TechFlame reports, according to data from Coinglass, the Coinbase Bitcoin Premium Index has remained in negative territory for 34 consecutive days, currently at -0.0545%, surpassing the approximately 30-day streak of negative premiums during the "October 11 crash." The Coinbase Bitcoin Premium Index measures the difference between Bitcoin prices on Coinbase and the global average market price. A negative premium typically reflects greater selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.