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 Odaily News According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 47 consecutive days (from May 19 to date), with the latest reading at -0.1007%. This index measures the deviation of the BTC price on Coinbase (a major compliant US platform) from the global average price. Persistent negative values indicate heavier selling pressure in the US market, declining risk appetite, capital outflows, or heightened risk aversion. Historical data shows that prolonged negative premiums often coincide with the withdrawal of US institutional funds, suggesting caution regarding short-term downward pressure.

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