[Coinbase Bitcoin Premium Index Reaches -0.2434% After 38 Consecutive Days of Negation] Odaily reports that the Coinbase Bitcoin Premium Index has been negative for 38 consecutive days, currently standing at -0.2434%. This index measures the Bitcoin price difference between Coinbase Pro and Binance; a negative index typically indicates that Coinbase's quotes are relatively low, potentially reflecting weak buying pressure or significant selling pressure in the US market. Previously, the index reached 0.0052% on August 24th, turning positive for the first time since May 19th, ending a 97-day streak of negative premiums.