[Coinbase Bitcoin Negative Premium Persists for 95 Days, Setting New Record for Longest Duration] BlockBeats News, August 21: The Coinbase Bitcoin Premium Index narrowed its negative premium to -0.0221% but remains in a negative premium state. Data shows that from May 19 to August 21, the index has been in the negative premium range for 95 consecutive days, setting a new record for the longest continuous negative premium since the index was introduced. The previous record was 40 consecutive days from January 16 to February 24 this year, which also surpassed the approximately 30-day negative premium duration during last year's "1011 crash." The Coinbase Bitcoin Premium Index measures the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically indicates relatively lower quotes on Coinbase, reflecting weaker buying pressure or stronger selling pressure in the U.S. market. However, it is not advisable to directly conclude that institutional funds are flowing out based solely on this index. [Original Link]