Coinbase Bitcoin Premium Index Has Remained Negative for 48 Consecutive Days, Renewing the Longest "Consecutive Negative" Record

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 48 consecutive days (from May 19 to present), with the latest value at -0.0911%. Previously, the index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "consecutive negative" record 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 often accompany the exit of US institutional funds, and caution against short-term pullback pressure is warranted.