Deep Tide TechFlow news: On July 12, according to Coinglass data, Coinbase’s Bitcoin premium index has been in negative premium territory for 55 straight days (from May 19 to now), with the latest value at -0.0072%.

Previously, this index was in negative premium territory for 40 consecutive days from January 16 to February 24 this year, setting the longest streak of continuous negative premiums since the indicator was launched, surpassing the roughly 30-day period of continuous negative premiums during the “1011 crash” period.

Historical data shows that prolonged negative premiums often coincide with U.S. institutional capital exiting, so short-term pullback pressure should be watched for.