According to BlockBeats, on July 25, data from Coinglass showed that the Coinbase Bitcoin premium index has been in negative premium territory for 67 consecutive days (since May 19), with the latest value being -0.0708%.
Previously, the index had been in negative premium for 40 consecutive days from January 16 to February 24 this year, setting a record for the longest "negative streak" since the index was launched, exceeding the approximately 30 consecutive days of negative premium during the "1011 crash".
The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase and the average price in the global market. A negative premium usually reflects strong selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflow.