According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 51 consecutive days (from May 19th to present), with the latest value at -0.0923%.
Previously, this index was in negative premium for 40 consecutive days from January 16th to February 24th this year, setting the longest "consecutive negative" record since the indicator's launch, surpassing the approximately 30 days of continuous negative premium during the "1011 crash".Historical data shows that long-term negative premiums are often accompanied by the exit of US institutional funds, and short-term pullback pressure should be vigilant.[Odaily Planet Daily]