Coinbase Bitcoin Premium Index records negative premium for 60 consecutive days, setting a new longest "consecutive negative" streak

According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 60 consecutive days (from May 19 to date), with the latest reading at -0.0908%. Previously, this index recorded a 40-day consecutive negative premium from January 16 to February 24 this year, setting the longest "consecutive negative" streak since the indicator's launch, surpassing the approximately 30-day continuous negative premium seen during the "1011 crash." Historical data shows that prolonged negative premiums often coincide with the withdrawal of US institutional funds, warranting caution against short-term correction pressure.