The Coinbase Bitcoin Premium Index has recorded negative values for seven consecutive days, as purchasing power in the U.S. market once again falls into a slump.

BlockBeats news, September 13th, according to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for 7 consecutive days, with the latest reading at -0.0205%, as purchasing power in the U.S. market once again falls into a slump.

Previously, on August 24th, the Coinbase Bitcoin Premium Index showed a positive signal for the first time since May 19th, registering 0.0052%, briefly ending the longest negative premium streak in history at 97 consecutive days.

The Coinbase Bitcoin Premium Index measures the price gap between Coinbase Pro and Binance. A persistently negative index typically means Coinbase's quotes are relatively lower, which can reflect weak buying interest or heavy selling pressure in the U.S. market, but it should not be used alone to directly conclude that institutional capital is flowing out.