Data: The Coinbase Bitcoin premium index has been in negative premium for 10 consecutive days, currently reported at -0.0857%

According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium state for 10 consecutive days, currently reported at -0.0857%.

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. 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.