Coinbase Bitcoin premium index has been in negative territory for 50 consecutive days, setting a new record for the longest "continuous negative" streak

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 50 consecutive days (from May 19 to present), with the latest value at -0.0742%. Previously, the index recorded a continuous negative premium for 40 days from January 16 to February 24 this year, setting a record for the longest "continuous negative" streak since the index'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 withdrawal of US institutional funds, and caution should be exercised regarding short-term correction pressure.