Data: The Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, and the purchasing power in the US market remains sluggish

The Coinbase Bitcoin Premium Index has been in negative premium for 8 consecutive days, currently reported at -0.0573%, as purchasing power in the U.S. market continues to be sluggish.

The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.