Coinbase Bitcoin Premium Index Records 60 Consecutive Days of Negative Premium, Extending the Longest "Negative Streak"

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for 60 consecutive days (from May 19 to date), with the latest reading at -0.0908%. Previously, the index recorded a 40-day negative streak from January 16 to February 24 this year, setting a new record for the longest consecutive negative premium since the indicator's launch, surpassing the approximately 30-day negative streak during the "1011 Crash". Historical data shows that prolonged negative premiums often accompany the withdrawal of US institutional funds, and short-term correction pressure should be monitored.