Data: The BTC price on Coinbase showed a negative premium of about -0.1% compared to the Asian market for up to 1 hour today at noon, and the premium index has been negative for 12 consecutive days

According to Coinglass data, the Bitcoin price on Coinbase has shown a continuous negative premium of about -0.1% compared to several other major exchanges in Asia for a duration of 1 hour, which has now narrowed to -0.0632%. Furthermore, since the 15th of this month, the Coinbase premium index has been in negative territory for 12 consecutive days. A negative Coinbase Bitcoin premium index indicates that the Bitcoin price on Coinbase is lower than the global average price, which typically reflects greater selling pressure in the U.S. market, a decrease in investor risk appetite, an increase in market risk aversion, or capital outflows.