Data: Coinbase Bitcoin negative premium narrows to 0.018%

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 28 consecutive days and is currently narrowed to 0.018%.

The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, institutional investment enthusiasm, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, heightened market risk aversion, or capital outflow.