Data: Coinbase’s Bitcoin premium index has been at a negative premium for 55 consecutive days, setting a new record for the longest streak of “continuous negative” readings.

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Mars Finance news: According to Coinglass data, Coinbase’s Bitcoin premium index has been in a negative premium range for 55 consecutive days (from May 19 to now), with the latest value at -0.0072%. Previously, the index was continuously in a negative premium range from January 16 to February 24 this year for 40 consecutive days, setting the longest “consecutive negatives” record since the indicator was launched, surpassing the number of days of continuous negative premiums of about 30 days during the “1011 crash” period. Historical data shows that long-term negative premiums often coincide with U.S. institutional funds leaving the market, so short-term pullback pressure should be watched for.
BTC-0.22%
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