Coinbase Bitcoin Premium Index Posts Negative Premium for 50 Consecutive Days, Continues to Set Longest "Consecutive Negative" Record

TechFlow news, July 07, according to the latest data from Coinglass, the Coinbase Bitcoin Premium Index has been in the negative premium range for 50 consecutive days (from May 19 to present), with the latest value at -0.0742%. Previously, the index was 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". Historical data shows that long-term negative premium often accompanies the exit of US institutional capital, warranting caution against short-term correction pressure.