Coinbase Bitcoin Premium Index has recorded a negative value for 18 consecutive days, indicating sustained weak buying power in the U.S. market

BlockBeats News, June 5th, according to Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 18 consecutive days, currently at -0.1347%, indicating a continued weak buying power in the U.S. market.

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 greater selling pressure in the U.S. market, decreased investor risk appetite, a rise in market risk aversion sentiment, or capital outflows.