Coinbase Bitcoin premium index has remained in negative territory for 60 consecutive days, setting a new record for the longest streak of “consecutive negatives.”

PANews July 17 report: According to Coinglass data, Coinbase’s Bitcoin premium index has remained in a negative premium range for 60 consecutive days (from May 19 to date), with the latest value at -0.0908%. Previously, this index was in a negative premium range for 40 consecutive days from January 16 to February 24 this year, setting a record for the longest “continuous negative” period since the index was launched, exceeding by about 30 days the consecutive negative premiums during the “1011 crash” period. Historical data shows that long-term negative premiums often coincide with U.S. institutional capital exiting the market, so short-term pullback pressure should be watched closely.