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Coinbase Bitcoin Premium Index records negative values for 21 consecutive days
BlockBeats News, June 8 — According to Coinglass data, Coinbase Bitcoin Premium Index has been in negative premium for 21 consecutive days, currently at -0.0621%, indicating continued weak purchasing power in the U.S. market.
Note: The Coinbase Bitcoin Premium Index is used to measure the difference between Bitcoin prices on Coinbase and the average global market price. A negative premium typically reflects greater selling pressure in the U.S. market, decreased investor risk appetite, rising market risk aversion, or capital outflows.