Coinbase Bitcoin Premium Index has been in negative territory for 50 consecutive days, setting a new record for the longest continuous negative premium streakAccording to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for 50 consecutive days (from May 19 to present), with the latest reading at -0.0742%. Previously, the index registered a 40-day consecutive negative premium from January 16 to February 24 this year, marking the longest streak of continuous negative premiums since the indicator's launch, surpassing the approximately 30-day negative premium stretch during the "1011 crash." Historical data suggests that prolonged negative premiums often coincide with the exit of institutional funds from the U.S., warranting caution over short-term correction pressure.
