BlockBeats News, December 24th, according to Coinglass data, Coinbase’s Bitcoin Premium Index has been in a negative premium for 10 consecutive days, currently at -0.0648%.
BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator for observing U.S. market capital inflows, institutional investment interest, and market sentiment changes.
A positive premium indicates that the Coinbase price is higher than the global average, usually indicating: strong buying pressure in the U.S. market, institutional or compliant funds actively entering the market, ample USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, decreased investor risk appetite, a rise in market risk aversion or capital outflows.
