Coinbase Bitcoin Premium Index Reports Negative Premium for 51 Consecutive Days, Setting a New Record for Longest "Consecutive Negative" Streak

Odaily Odaily Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 51 consecutive days (from May 19 to the present), with the latest reading at -0.0923%. Previously, the index recorded a 40-day negative premium streak from January 16 to February 24 this year, which was the longest "consecutive negative" record since the indicator's launch, surpassing the approximately 30-day consecutive negative premium seen during the "1011 Crash". Historical data suggests that prolonged negative premiums often accompany the withdrawal of US institutional funds, and investors should be cautious of short-term pullback pressure.