The index, reflecting U.S. institutional demand, has notched its longest negative streak since inception amid sustained market pressure.
The Coinbase Bitcoin Premium Index has remained negative for 50 consecutive days, marking its longest stretch below zero since tracking began. The latest reading stands at -0.0742%, extending a streak that began on May 19.
The prior record was a 40-day negative run earlier this year, surpassing the roughly 30-day streak observed during the 2022 market downturn. Analysts link prolonged negative premiums to weaker institutional demand or short-term selling pressure in U.S. markets.
No immediate market reaction was reported, though the trend signals persistent caution among large traders.