Coinbase Bitcoin Premium Index has experienced negative premium for 47 consecutive days, setting a new record for the longest streak

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has been in a negative premium range for 47 consecutive days (from May 19 to the present), with the latest value at -0.1007%. This index measures the deviation of the BTC price on Coinbase (a mainstream compliant platform in the US) from the global average price. A sustained negative value indicates heavier selling pressure in the US market, a decline in risk appetite, capital outflows, or rising risk aversion. Historical data shows that a prolonged negative premium is often accompanied by the withdrawal of US institutional funds, and investors should be vigilant about short-term correction pressure.

Previously, the index recorded a continuous negative premium for 40 days from January 16 to February 24, setting the longest consecutive negative record since the indicator's launch, surpassing the roughly 30-day streak of negative premiums during the "1011 crash" period.