TechFlow news, July 04, according to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium zone for 47 consecutive days (from May 19 to present), with the latest value at -0.1007%.
The index aims to measure the deviation of Bitcoin prices on the Coinbase platform relative to the global average price. Continuous negative values indicate heavier selling pressure in the US market, declining risk appetite, capital outflow, or rising risk-averse sentiment. Long-term negative premiums often accompany the exit of US institutional capital, and short-term correction pressure should be watched.
Previously, the index remained in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "consecutive negative" record since the indicator was launched, exceeding the approximately 30 days of consecutive negative premium during the "1011 crash".
