Coinbase

4 months agoNews Editor

Coinbase Bitcoin Premium Index in Negative for 40 Consecutive Days, US Buying Power Slumps

According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 40 consecutive days, currently at -0.1569%. The index measures the price difference of Bitcoin on Coinbase versus the global average. A negative premium indicates selling pressure on Coinbase, declining risk appetite among US investors, and potential capital outflows. This prolonged negative reading serves as a bearish signal for the US market.