Coinbase Bitcoin Price Premium Index has been in negative premium for 8 consecutive days, with sustained weak buying power in the US market

BlockBeats News, March 26th, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in a negative premium for 8 consecutive days, currently at -0.0573%, with the purchasing power in the U.S. market remaining weak.

The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price, with a negative premium usually indicating a higher selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market hedging sentiment, or capital outflows.