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

According to data from Coinglass, the Coinbase Bitcoin premium index has been in negative territory for two consecutive months (62 days, from May 19 to July 19), with the latest value standing at -0.0633%. Previously, the index recorded 40 consecutive days of negative premium from January 16 to February 24 this year, setting the longest "consecutive negative" record since the indicator's launch, surpassing the approximately 30-day consecutive negative premium during the "1011 crash". Historical data shows that prolonged negative premiums are often accompanied by the withdrawal of US institutional funds, warranting caution regarding short-term correction pressure.