Huo Xing Finance reports, according to Coinglass data, Coinbase’s Bitcoin premium index has remained in a negative premium zone for 80 consecutive days (since May 19), with the latest reading at -0.0978%. Previously, the index experienced a 40-day consecutive negative premium period from January 16 to February 24 this year, setting the longest streak of negative premiums since the metric’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 U.S. institutional capital outflows, warranting caution regarding potential short-term pullback pressure.
Coinbase Bitcoin Premium Index Remains Negative for 80 Consecutive Days, Ties Longest Streak
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Summary
Technical analysis for crypto indicates that the Coinbase Bitcoin premium index has remained negative for 80 consecutive days (May 19 to August 6), with the most recent reading at -0.0978%. The previous record was 40 days in early 2024. Prolonged negative premiums often signal outflows of U.S. institutional capital, which may impact the risk-to-reward ratio for short-term traders.
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