TechFlow news, July 19, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium territory for two consecutive months (from May 19 to July 19, totaling 62 days), with the latest value at -0.0633%. Previously, the index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "consecutive negatives" 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 funds, and caution is needed regarding short-term correction pressure.
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