Coinglass data shows the Coinbase Bitcoin Premium Index has remained in negative territory for 55 consecutive days since May 19, with the latest reading at -0.0072%. The stretch is longer than the index’s previous 40-day negative run from Jan. 16 to Feb. 24, which had been the longest such streak since the metric was introduced. It also exceeds the roughly 30-day negative period seen during the “1011 crash.” Historical data suggests that prolonged negative premiums have often coincided with outflows from U.S. institutional investors, pointing to potential short-term pullback pressure in the market.
According to Coinglass, the Coinbase Bitcoin Premium Index has stayed in negative territory for 55 consecutive days since May 19. The latest reading was -0.0072%.
Earlier this year, the index posted a 40-day negative streak from Jan. 16 to Feb. 24. At the time, that marked the longest run of negative readings since the indicator was introduced. The current streak has also lasted longer than the roughly 30-day negative premium period seen during the “1011 crash.”
Historical data shows that extended negative premiums have often been associated with U.S. institutional capital leaving the market, with short-term pullback pressure worth watching.
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