Coinbase Bitcoin Premium Index Posts Negative Premium for 80 Consecutive Days, Extending Longest "Consecutive Negative" Record

TechFlow news, August 06, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained in the negative premium range for 80 consecutive days (from May 19 to present), with the latest value at -0.0978%. 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's launch, 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 regarding short-term correction pressure.