Coinbase Bitcoin premium index has been in negative territory for two consecutive months, setting a new record for the longest streak of negative values

Odaily, According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium territory for two consecutive months (from May 19 to July 19, a total of 62 days), with the latest reading at -0.0633%. Previously, the index recorded a negative premium for 40 consecutive days from January 16 to February 24 this year, marking the longest "negative streak" since the indicator's launch, surpassing the approximately 30-day consecutive negative premium period during the "1011 crash." Historical data suggests that prolonged negative premiums often coincide with the withdrawal of US institutional capital, signaling caution against short-term correction pressure.