Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days.

BlockBeats news, October 12th, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days, currently at -0.12%, hitting a recent low, indicating continued weak purchasing power in the US market.

The Coinbase Bitcoin Premium Index measures the difference between the Bitcoin price on Coinbase and the average global market price. A negative premium typically reflects greater selling pressure in the US market, declining investor risk appetite, rising market risk aversion, or capital outflows.