Coinbase Bitcoin Premium Index Records 80 Consecutive Days of Negative Premium, Setting a New All-Time Record

According to Odaily, data from Coinglass shows that the Coinbase Bitcoin Premium Index has remained in negative territory for 80 consecutive days (from May 19 to date), with the latest reading at -0.0978%. Historical data indicates that prolonged negative premiums are often accompanied by institutional capital outflows from the U.S., warranting caution against short-term pullback pressure.

Previously, the index recorded 40 consecutive negative days from January 16 to February 24 this year, setting the longest "consecutive negative" streak since the index's inception, surpassing the roughly 30 consecutive negative days during the "1011 crash" period.