Data: Coinbase Bitcoin premium index has recorded a continuous negative premium for 78 days, setting a new record for the longest "negative streak."

According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium range for 78 consecutive days (from May 19 to present), with the latest value at -0.1145%. Previously, this index was in a 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 index 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.