Coinbase Bitcoin Premium Index Enters 50th Consecutive Day of Negative Premium, Setting a New All-Time Record

Odaily Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for 50 consecutive days since May 19th, with the latest reading at -0.0742%, continuing the longest consecutive negative premium streak since the index's inception.

Previously, the index recorded a 40-day negative premium from January 16th to February 24th this year, surpassing the roughly 30-day consecutive negative premium record during the "1011 Crash." Historical data shows that prolonged negative premiums are typically accompanied by institutional fund outflows from the United States, potentially indicating short-term market correction pressure.