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

Odaily Planet Daily News According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for two consecutive months (from May 19 to July 19, a total of 62 days), with the latest reading at -0.0633%. Previously, the index recorded a consecutive negative premium for 40 days 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 period 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 downward correction pressure.