Coinbase Bitcoin premium index has been in negative territory for 50 consecutive days, setting a new record for the longest streak.

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Odaily Planet Daily News: According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, setting a new record for the longest consecutive negative premium since the index's launch.

Previously, the index was in negative premium for 40 consecutive days from January 16 to February 24 this year, surpassing the record of about 30 consecutive days of negative premium during the "1011 crash". Historical data shows that a prolonged negative premium is usually accompanied by institutional fund outflows from the United States, which may indicate short-term market correction pressure.

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