Data: The Coinbase Bitcoin premium index has been in negative premium for 49 consecutive days, setting a new record for the longest "negative streak."

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 49 consecutive days (from May 19 to present), with the latest value at -0.1072%. Previously, this index was in the negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "continuous negative" record since the launch of this indicator, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."

Historical data shows that prolonged negative premiums are often accompanied by the exit of institutional funds from the United States, and caution is needed regarding short-term pullback pressure.