Coinbase Bitcoin Premium Index Records 60 Consecutive Days of Negative Premium, Setting New Longest "Negative Streak" Record

Odaily reports, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in a negative premium range for 60 consecutive days (from May 19 to present), with the latest reading at -0.0908%. Previously, the index recorded 40 consecutive days of negative premium from January 16 to February 24 this year, setting the longest "negative streak" record since the indicator's launch, surpassing the approximately 30 consecutive days of negative premium during the "1011 crash" period. Historical data shows that prolonged negative premiums are often accompanied by the withdrawal of US institutional funds, and caution is needed regarding short-term pullback pressures.