Coinbase Bitcoin Premium Index Remains Negative for 75 Consecutive Days

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According to TechFlow, the Coinbase Bitcoin premium index has remained negative for 75 consecutive days (May 19 to August 1, 2026), currently at -0.0973%. Technical analysis for crypto suggests this trend reflects ongoing capital outflows. The previous 40-day stretch in early 2026 was the longest negative run since the index’s inception, surpassing the 30-day decline during the 2011 crash. Value investing in crypto may need to account for these prolonged negative premiums, which often coincide with U.S. institutional exits and signal potential short-term correction risks.

According to Coinglass data, Coinbase’s Bitcoin Premium Index has remained in a negative premium zone for 75 consecutive days (since May 19), with the latest reading at -0.0973%. Previously, the index recorded a 40-day consecutive negative premium period from January 16 to February 24 this year, setting the longest such streak since the index’s launch, surpassing the approximately 30 consecutive days of negative premium during the “1011 crash.” Historical data shows that prolonged negative premiums are often accompanied by outflows of U.S. institutional capital, warranting caution regarding potential short-term pullbacks.

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