[Continuing to Break the Longest Record, Coinbase Bitcoin Negative Premium Has Persisted for 97 Days] Odaily Planet Daily News: The Coinbase Bitcoin Premium Index has remained in the negative premium range for 97 consecutive days from May 19 to August 23, with the latest reading at -0.0266%, setting a new record for the longest continuous negative premium since the index was introduced. The previous longest record was 40 consecutive days from January 16 to February 24 this year, which also exceeded the approximately 30-day streak of negative premiums during last year's '1011 crash.' This index is used to measure the Bitcoin price difference between Coinbase Pro and Binance. A sustained negative index typically indicates that Coinbase's quotes are relatively lower, which may reflect weaker buying interest or stronger selling pressure in the U.S. market. However, it is not advisable to conclude solely based on this index that institutional funds are flowing out.