Data: Coinbase Bitcoin premium index has been in continuous negative premium for 55 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 55 consecutive days (from May 19 to present), with the latest value at -0.0072%. Previously, this index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "continuous negative" period since the index was launched, 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 U.S., and caution is needed regarding short-term pullback pressure.