Where Is the Bottom? Coinbase Bitcoin Premium Hits 21-Day Negative Streak

The Coinbase Bitcoin Premium Index has remained negative for 21 consecutive days, the longest streak in the current cycle. Data from Coinglass shows the index has stayed below zero since early November, mirroring Bitcoin’s drop from near $120,000 to around $84,000. This negative premium indicates ongoing selling pressure on US-based exchanges, reflecting US institutional investor sentiment. Analysts suggest the market may not find a clear bottom until this trend reverses source: https://beincrypto.com/coinbase-bitcoin-premium-index-negative-streak/