Coinbase Bitcoin premium index remains negative for 51 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 negative territory for 51 consecutive days (from May 19 to date), with the latest value at -0.0923%. Previously, the index recorded a 40-day negative premium from January 16 to February 24 this year, setting the longest streak of negative premiums since the indicator's launch, surpassing the approximately 30-day consecutive negative premium period during the "1011 crash". Historical data shows that prolonged negative premiums are often accompanied by the withdrawal of US institutional funds, and caution is needed regarding short-term correction pressure.