Cointime reports: The Bitcoin Coinbase Premium Index has been negative for 51 consecutive days since Sept. 23, with a latest reading of -0.10%, a 30-day average of -0.14% and a yearly average of -0.06%. The gauge compares Coinbase’s BTC-USD quote with Binance’s BTC-USDT and records only the spread, not trader identities or institutional flows. Over the same period, U.S. spot bitcoin ETFs posted five straight sessions of net outflows totaling about $1.44 billion through Nov. 11.
Bitcoin Coinbase Premium Index Negative for 51 Straight Days
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