Coinbase Bitcoin Premium Index Shows Negative Premium for 50 Consecutive Days, Extending Record-Breaking Streak

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, extending the longest consecutive negative premium streak since the indicator's launch.

Previously, the index recorded 40 consecutive days of negative premium from January 16 to February 24 this year, surpassing the approximately 30-day consecutive negative premium streak during the "1011 crash." Historical data shows that prolonged negative premiums are often accompanied by institutional capital outflows from the United States, potentially signaling short-term market correction pressure.