Coinbase Bitcoin Premium Index has been in negative territory for 51 consecutive days, setting a new record for the longest "negative streak"

Odaily Planet Daily News: According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium territory for 51 consecutive days (from May 19 to present), with the latest value at -0.0923%. Previously, the index recorded a 40-day consecutive negative premium from January 16 to February 24 this year, setting a record for the longest "negative streak" since the indicator's launch, surpassing the approximately 30-day consecutive negative premium during the "1011 crash" period. Historical data shows that prolonged negative premiums often accompany the outflow of institutional funds from the US, and short-term correction risks should be monitored.