Coinglass data shows the Coinbase Bitcoin Premium Index has remained in negative territory for 60 consecutive days, from May 19 to the present, with the latest reading at -0.0908%. The previous longest negative stretch this year ran for 40 days, from Jan. 16 to Feb. 24, setting a record for the indicator since its launch. That period was longer than the roughly 30-day run of negative premium seen during the "1011 crash." Historical data cited in the report suggests that extended periods of negative premium often coincide with outflows from U.S. institutional investors. The latest run therefore points to pressure that could weigh on the market in the short term.
According to Coinglass data, the Coinbase Bitcoin Premium Index has stayed in negative territory for 60 consecutive days, from May 19 through the present, with the latest reading at -0.0908%.
Earlier this year, the index posted a 40-day negative streak from Jan. 16 to Feb. 24, which marked the longest such run since the indicator was introduced. That stretch was also longer than the roughly 30 consecutive days of negative premium recorded during the "1011 crash."
Historical data shows that prolonged negative premium periods often coincide with outflows from U.S. institutional capital, pointing to short-term pullback pressure.
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