Coinbase’s Bitcoin Premium Index has remained in negative territory for 75 consecutive days since May 19, according to Coinglass data, with the latest reading at -0.0973%. The streak exceeds the index’s previous 40-day run in negative territory from Jan. 16 to Feb. 24, which had set the longest such record since the metric was introduced. It also surpasses the roughly 30-day stretch of negative premium seen during the “1011 crash.” Historical data cited in the report shows that prolonged negative premium readings have often coincided with U.S. institutional capital leaving the market, pointing to potential short-term pullback pressure.
According to Coinglass data cited by ChainCatcher, the Coinbase Bitcoin Premium Index has stayed in negative territory for 75 consecutive days since May 19, with the latest reading at -0.0973%.
The index previously logged a 40-day negative stretch from Jan. 16 to Feb. 24 this year, setting what was then the longest run of consecutive negative readings since the metric was introduced. That period was longer than the roughly 30 consecutive days of negative premium recorded during the “1011 crash.”
Historical data shows that extended periods of negative premium have often been accompanied by an exit of U.S. institutional capital, signaling the need to watch for short-term pullback pressure.
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