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Coinbase Bitcoin The premium index has remained in negative territory for 49 consecutive days, setting a new record for the longest streak of negative readings.
Svmuu News: According to Coinglass data, the Coinbase Bitcoin premium index has remained in negative territory for 49 consecutive days (from May 19 to present), with the latest reading at -0.1072%.Previously, the index remained in negative territory for 40 consecutive days from January 16 to February 24 of this year, setting the longest streak of negative readings since the metric’s launch and surpassing the approximately 30-day streak during the “1011 crash.”Historical data shows that prolonged negative premiums are often accompanied by the withdrawal of U.S. institutional capital, and investors should be wary of short-term correction pressures.
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