Coinbase Bitcoin Premium Index Hits Record 80 Days of Negative Premium

The Coinbase Bitcoin Premium Index has been in negative premium territory for 80 consecutive days (from May 19 to present), with the latest value at -0.0978%. Historical data shows that prolonged negative premiums are usually accompanied by the exit of institutional funds from the U.S., indicating a need to be cautious of short-term pullback pressure. Previously, the index recorded 40 consecutive days of negative premium from January 16 to February 24, setting the longest "negative streak" since the index was launched, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."

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