Coinbase’s Bitcoin premium index has been in negative premium for two consecutive months, setting a new record for the longest consecutive stretch of “negative premiums.”

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Odaily Planet Daily reports that, according to Coinglass data, Coinbase’s Bitcoin premium index has remained in negative premium territory for two consecutive months (from May 19 to July 19, 62 days), with the latest value at -0.0633%. Previously, this index was in negative premium territory for 40 straight days from January 16 to February 24 this year, setting the longest “consecutive negative” record since the indicator was launched—exceeding the approximate 30 days of continuous negative premium during the “1011 crash” period. Historical data shows that long-term negative premiums often coincide with U.S. institutional capital exiting, so short-term pullback pressure should be watched closely.
BTC1.66%
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