Data: Coinbase Bitcoin premium index has recorded a continuous negative premium for 50 days, setting a new record for the longest consecutive negative period

According to the latest data from Coinglass, the Coinbase Bitcoin premium index has been in the negative premium range for 50 consecutive days (from May 19 to now), with the latest value at -0.0742%. Previously, this index was in the negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "consecutive negative" period since the indicator was launched, surpassing the approximately 30 days of consecutive negative premium during the "1011 crash."

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