Coinbase Bitcoin Premium Index Hits Record 76 Days of Negative Premium

The Coinbase Bitcoin Premium Index has been in negative premium territory for 76 consecutive days, with the latest value at -0.1012%. This index has remained in negative premium since May 19, previously recording 40 consecutive days of negative premium from January 16 to February 24, marking the longest streak since the index was launched, surpassing the approximately 30 days of continuous negative premium during the 1011 crash. Historical data shows that prolonged negative premiums are often accompanied by the exit of institutional funds from the U.S., indicating a need to be cautious of short-term pullback pressures.

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