Coinbase Bitcoin Premium Index Posts Negative Premium for 55 Consecutive Days, Continues to Set Longest "Consecutive Negative" Record

TechFlow news, July 12, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative premium territory for 55 consecutive days (from May 19 to present), with the latest value at -0.0072%.

Previously, the index remained in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest record of "consecutive negatives" 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 premiums often accompany the exit of US institutional funds, warranting caution against short-term correction pressure.