Data: Coinbase Bitcoin premium index has maintained a negative premium for 75 consecutive days, setting a new record for the longest "continuous negative" period

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 75 consecutive days (from May 19 to present), with the latest value at -0.0973%. 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 "continuous negative" period since the indicator was launched, surpassing the approximately 30 days of continuous 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.