BlockBeats News, February 21, according to Coinglass data, Coinbase’s Bitcoin Premium Index has been in a negative premium for 37 consecutive days, currently at -0.0523%, exceeding the approximately 30 days of consecutive negative premium during the ‘1011 Crash’.
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 usually indicates a large selling pressure in the U.S. market, a decreased investor risk appetite, increasing market risk aversion sentiment, or capital outflows.
