Data: Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days

According to Coinglass data, the Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days, currently reported at -0.12%, reaching a recent low, indicating that purchasing power in the U.S. market continues to weaken.

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, an increase in market risk aversion, or capital outflows.