
Coinglass reports the Bitcoin Coinbase premium index has stayed negative for 34 days, exceeding the '1011 crash' streak and signaling persistent U.S. sell pressure and risk aversion.
Coinglass data shows the Coinbase Bitcoin premium index at -0.0545% for 34 consecutive days, surpassing the 30-day negative streak during the '1011 crash'. This sustained downside indicates heightened U.S. selling pressure and growing market risk aversion, reflecting lower domestic demand for Bitcoin compared to global averages.