Coinbase Bitcoin Premium Index Has Been in Negative Territory for 50 Consecutive Days, Setting a New Record for the Longest "Negative Streak"

Odaily Odaily reports that according to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for 50 consecutive days (from May 19 to the present), with the latest reading at -0.0742%. Previously, the index recorded a negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "negative streak" record since the metric's inception, exceeding the roughly 30 consecutive days of negative premium during the "1011 crash." Historical data shows that prolonged negative premiums often accompany the withdrawal of US institutional funds, and caution is needed regarding short-term pullback pressure.