Coinbase Bitcoin premium index records 80 consecutive days of negative premium, setting a new longest record

Odaily News According to Coinglass data, the Coinbase Bitcoin premium index has been in negative territory for 80 consecutive days (from May 19 to date), with the latest reading at -0.0978%. Historical data shows that prolonged negative premiums are often accompanied by an outflow of institutional funds from the United States, warranting caution against short-term pullback pressure.

Previously, this index recorded a 40-day negative premium run from January 16 to February 24 this year, setting the longest "consecutive negative" record since the index's inception, surpassing the roughly 30-day stretch of consecutive negative premiums seen during the "1011 crash."