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The Coinbase Bitcoin Premium Index has been in negative territory for 40 consecutive days, indicating persistently weak purchasing power in the U.S. market.
BlockBeats news, June 27—according to Coinglass data—the Coinbase Bitcoin premium index has been in negative premium for 40 consecutive days, currently at -0.1569%, as US market purchasing power remains lackluster.
The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global average market price. A negative premium usually reflects stronger sell pressure in the US market, a decline in investors’ risk appetite, rising safe-haven sentiment in the market, or capital outflows.