Data: The Coinbase Bitcoin Premium Index has been in negative territory for 18 consecutive days, currently at -0.171%.
TL;DR
The Coinbase Bitcoin Premium Index has been negative for 18 days, at -0.171%, indicating selling pressure and risk aversion in the US market compared to global averages.
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[Data: Coinbase Bitcoin Premium Index Remains Negative for 18 Consecutive Days, Currently at -0.171%] According to Mars Finance, the latest data from Coinglass shows that the Coinbase Bitcoin Premium Index has remained negative for 18 consecutive days, currently at -0.171%. 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 capital flows, institutional investment activity, and market sentiment changes in the US market. A positive premium indicates that the Coinbase 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 investment sentiment. A negative premium indicates that the Coinbase 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.