The Coinbase Bitcoin Premium Index has been in negative territory for 14 consecutive days, currently at -0.0702%.
TL;DR
The Coinbase Bitcoin Premium Index has remained negative for 14 days, currently at -0.0702%, indicating selling pressure and reduced risk appetite in the US market.
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On December 28, according to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 14 consecutive days, currently at -0.0702%.
BlockBeats Note: The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the global market average price. This index is an important indicator for observing fund flows, institutional investment activity, and changes in market sentiment in the US market.
A positive premium indicates that Coinbase's price is higher than the global average, typically signifying strong buying pressure in the US market, active participation from institutional or compliant funds, ample dollar liquidity, and optimistic investor sentiment. A negative premium indicates that Coinbase's price is lower than the global average, typically reflecting significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.