Coinbase Bitcoin premium index remains negative for 48 consecutive days, setting a new record for longest negative streak, latest reading -0.0911%

CoinFeed reported on July 5, according to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium territory for 48 consecutive days (since May 19), with the latest value at -0.0911%. The index measures the deviation of BTC price on Coinbase (a mainstream compliant platform in the US) relative to the global average price. Sustained negative values indicate heavy selling pressure in the US market, declining risk appetite, capital outflows, or rising risk-averse sentiment. Historical data shows that prolonged negative premiums often accompany the exit of US institutional funds, warranting vigilance against short-term correction pressure. The Coinbase premium index is mainly used to assess the demand for Bitcoin among professionals and institutions. By comparing BTC prices on Coinbase Advanced and Binance, the buying behavior of these users can be directly understood.