Coinbase Bitcoin Premium Index records negative value for 39 consecutive days.

BlockBeats news, November 1st, according to Coinglass data, the Coinbase Bitcoin Premium Index has recorded negative values for 39 consecutive days, with the latest reading at -0.17%, indicating continued weakness in US market purchasing power.

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.