Coinbase Bitcoin Premium Index has been in negative territory for 47 consecutive days, setting a new record for the longest streak of negative premiums

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has been in a negative premium range for 47 consecutive days (from May 19 to present), with the latest value at -0.1007%. This index measures the deviation of BTC prices on Coinbase (a leading US compliant platform) from the global average. A sustained negative value indicates heavy selling pressure in the US market, declining risk appetite, capital outflows, or heightened risk aversion. Historical data shows that prolonged negative premiums often accompany the withdrawal of US institutional funds, warranting caution regarding short-term correction pressure.

Previously, the index was in a negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "consecutive negative" record since the indicator's launch, surpassing the approximately 30-day streak of negative premiums during the "1011 crash" period.