Data: The Coinbase Bitcoin premium index has been in negative premium for 9 consecutive days, with only two days of positive value so far in January

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 9 consecutive days, currently reported at -0.1399%, with only two days showing positive values. This indicator measures the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. A negative premium typically reflects greater selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.