According to the latest statistics from the on-chain data platform, the Bitcoin premium index on a major US trading platform has maintained a negative value for 14 consecutive days, currently at -0.08%.

What does this index mean? In simple terms, it reflects the difference between Bitcoin prices in the US market and the global average price. When a negative premium appears, it indicates that Bitcoin prices in the US market are below the global market average—what does this usually signify?

In one sentence: seller pressure is increasing. Specifically, it manifests as a decline in investors' risk appetite, a rise in market risk aversion sentiment, or capital flowing out to other markets. The continuous two-week negative premium further confirms the current cautious attitude of the US market.

For traders, such indicator changes often preempt shifts in market sentiment and are worth monitoring for subsequent developments.