Coinbase Bitcoin Premium Index Hits Record 76-Day Negative Streak

The index has stayed negative for 76 straight days, surpassing the previous 40-day record. Current reading is -0.1012%, raising concerns about institutional outflows.

Woofun AI data shows that the Coinbase Bitcoin premium index has recorded negative values for 76 consecutive days as of May 19, establishing a new historical record. The current index level stands at -0.1012%. This duration exceeds the previous record of 40 consecutive days observed between January 16 and February 24, which itself was longer than the roughly 30-day negative period during the "1011 collapse." Historical patterns indicate that extended negative premiums frequently align with institutional capital withdrawal from the U.S., potentially signaling short-term correction pressures.