Coinbase Bitcoin Premium Index Hits Record Negative Premium for 60 Consecutive Days

The Coinbase Bitcoin Premium Index has been in negative premium territory for 60 consecutive days, with the latest value at -0.0908%. This index has remained in negative premium since May 19, following a previous stretch of 40 consecutive days of negative premium from January 16 to February 24, marking the longest record since the index was launched, surpassing the approximately 30 days of consecutive negative premium during the "1011 crash" period. Historical data shows that prolonged negative premiums are often accompanied by the exit of institutional funds from the U.S., indicating potential short-term correction pressure.

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