Coinbase Bitcoin negative premium persists for 47 days, setting record for longest consecutive negative streak

CoinFeed July 4 news, according to Coinglass monitoring data, the Coinbase Bitcoin premium index has been in negative premium territory for 47 consecutive days since May 19, with the latest value at -0.1007%. The index measures the difference between the Bitcoin price on Coinbase and the global average price. Prolonged negative values indicate heavy selling pressure in the U.S. compliant crypto market, declining market risk appetite, and capital outflows and risk-aversion exits. Reviewing historical trends, long-term negative premiums usually correspond to U.S. institutional fund reductions, increasing the risk of short-term market pullbacks. From a historical comparison, this 47-day consecutive discount has set a new record since the index's inception, surpassing the previous 40-day negative premium from January 16 to February 24 this year, and exceeding the roughly 30-day consecutive negative periods seen in historical crash scenarios.