Coinbase Bitcoin Premium Index has remained in negative premium for 48 consecutive days, setting a new record for the longest “consecutive negative” streak.

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Odaily Planet Daily News: According to Coinglass data, the Coinbase Bitcoin Premium Index has been in a negative premium range for 48 consecutive days (from May 19 to present), with the latest value at -0.0911%. Previously, this index was in a negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest “consecutive negative” record since the indicator was launched, surpassing the number of consecutive negative premium days during the “1011 crash,” which was about 30 days. Historical data shows that long-term negative premium often coincides with U.S. institutional funds exiting the market, so short-term pullback pressure should be watched closely.
BTC0.14%
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