Coinbase Bitcoin Premium Index Stays Negative for 49 Consecutive Days, Setting a New Record for the Longest "Negative Streak"

Odaily Odaily reports that according to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 49 consecutive days (from May 19 to the present), with the latest reading at -0.1072%. Previously, the index recorded a 40-day consecutive negative premium from January 16 to February 24 this year, setting a record for the longest "negative streak" since the indicator's launch, surpassing the approximately 30-day continuous negative premium period during the "1011 crash." Historical data shows that prolonged negative premiums often coincide with the outflow of US institutional funds, warranting caution against short-term correction pressures.