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Coinbase Bitcoin Premium Index Stays Negative for 80 Straight Days, Coinglass Shows
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News EditorCoinglass data shows the Coinbase Bitcoin premium index has been negative for 80 straight days since May 19, with the latest reading at -0.0978%. A 40-day negative streak from Jan. 16 to Feb. 24 had previously set the record, exceeding the roughly 30 days during the 1011 crash. Historically, prolonged negative premiums often point to US institutional outflows, so short-term correction risks deserve attention.
BitcoinCoinbasePremium IndexCoinglassNegative PremiumInstitutional Outflows
According to Coinglass data cited by ChainCatcher, the Coinbase Bitcoin premium index has remained below zero for 80 consecutive days since May 19. The latest reading is -0.0978%.
That comes after the index logged a 40-day negative streak from Jan. 16 to Feb. 24, which was the longest since the metric was introduced and also topped the roughly 30-day stretch seen during the 1011 crash. Historical data suggests lengthy negative premiums often coincide with US institutional money retreating from the market, a pattern that warrants caution around short-term pullback pressure.
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