The Coinbase Bitcoin premium index has been in negative territory for 47 consecutive days, extending its record for the longest streak of negative premiums.

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Deep Tide TechFlow news, July 4, according to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium territory for 47 consecutive days (from May 19 to present), with the latest value at -0.1007%.

This index is designed to measure the deviation of Bitcoin prices on the Coinbase platform relative to the global average. Sustained negative values indicate heavy selling pressure in the US market, declining risk appetite, capital outflows, or rising risk aversion. Long-term negative premium often accompanies the withdrawal of US institutional funds, and one should be wary of short-term pullback pressure.

Earlier, the index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest consecutive negative record since the index was launched, surpassing the approximately 30 consecutive days of negative premium during the "1011 crash."

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