The Coinbase Bitcoin Premium Index has been negative for three consecutive weeks, indicating significant selling pressure in the U.S. market

According to CryptoQuant data, the Coinbase Bitcoin Premium Index has remained negative for three consecutive weeks since turning negative on October 31. The premium index is positive when the Bitcoin price on Coinbase is higher than the global average price, and negative when it is lower. The current trend indicates significant selling pressure in the U.S. market and a decrease in investor risk appetite.