Data: The Coinbase Bitcoin Premium Index has been in negative territory for two consecutive weeks, currently at -0.0784%.

According to ChainCatcher, the latest data from Coinglass shows that the Coinbase Bitcoin Premium Index has been in negative territory for two consecutive weeks, currently at -0.0784%. This index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.