Coinbase Bitcoin Premium Index records 50 consecutive days of negative premium, setting a new all-time record

Odaily Odaily reports that according to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative premium territory for 50 consecutive days since May 19, with the latest reading at -0.0742%. This continues to set the longest consecutive negative premium record since the index's launch.

Previously, the index experienced a 40-day consecutive negative premium from January 16 to February 24 this year, surpassing the approximately 30-day record set during the "1011 Crash." Historical data suggests that prolonged negative premiums are often accompanied by outflows of US institutional funds, which may indicate short-term market correction pressure.