The Coinbase Bitcoin Premium Index has recorded negative values for four consecutive days, currently standing at -0.0082%.

BlockBeats news, September 26, according to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for 4 consecutive days, with the latest reading at -0.0082%, as purchasing power in the U.S. market has once again fallen into a slump.

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

The Coinbase Bitcoin Premium Index is used to measure the Bitcoin price spread between Coinbase Pro and Binance. A persistently negative index usually means that Coinbase's quote is 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 funds are flowing out.