Coinbase Bitcoin premium index has been in negative territory for two consecutive months, setting a new record for the longest consecutive negative streak

Odaily Planet Daily News: According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium range for two consecutive months (from May 19 to July 19, a total of 62 days), with the latest value at -0.0633%. Previously, the index was in negative territory for 40 consecutive days from January 16 to February 24 this year, setting the longest consecutive negative record since the indicator was launched, surpassing the approximately 30-day consecutive negative premium period during the "1011 crash." Historical data shows that a prolonged negative premium often accompanies the exit of US institutional funds, and short-term correction pressure should be heeded.