Coinbase Bitcoin Premium Index has been in a positive premium for 9 consecutive days, currently standing at 0.0222%.

BlockBeats News, December 11th, according to Coinglass data, Coinbase's Bitcoin Premium Index has been in a positive premium for 9 consecutive days, currently at 0.0222%.

BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the price of Bitcoin on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator to observe the flow of funds in the U.S. market, institutional investment enthusiasm, and changes in market sentiment.

A positive premium indicates that the Coinbase price is higher than the global average, usually indicating a strong buying pressure in the U.S. market, active entry of institutional or compliant funds, ample USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting higher selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.