Coinbase Bitcoin Premium Index records negative value for 33 consecutive days.

BlockBeats news, October 26 - According to Coinglass data, the Coinbase Bitcoin Premium Index has recorded negative values for 33 consecutive days, with the latest reading at -0.1259%, indicating continued weakness in purchasing power in the U.S. 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 U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.