Coinbase Bitcoin Premium Index records negative readings for consecutive 33 days
BIBIBI
AT A GLANCE
Coinbase Bitcoin Premium Index has been negative for consecutive 33 days, with the latest reading at -0.1259%。
Article
Coinbase Bitcoin Premium Index records negative readings for consecutive 33 days
BlockBeats reported that,October 26, according to Coinglass data,Coinbase the Bitcoin Premium Index has recorded negative readings for consecutive 33 days, with the latest reading at -0.1259%, indicating continued weak buying power in the U.S. market.Coinbase The Bitcoin Premium Index is used to measure Coinbase the difference between the price of Bitcoin on Coinbase and the global market average price. A negative premium typically reflects greater selling pressure in the U.S. market, declining investor risk appetite, rising safe-haven sentiment, or capital outflows.
Original link https://m.theblockbeats.info/flash/373631
Key points
01
According to Coinglass data, the Coinbase Bitcoin Premium Index has recorded negative readings for consecutive 33 days.
02
The index was last reported at -0.1259%。
03
A negative premium typically reflects greater selling pressure in the U.S. market, declining investor risk appetite, rising safe-haven sentiment, or capital outflows.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This index compares the price of Bitcoin on Coinbase with the global market average price. A negative index indicates that the Coinbase price is below the global average price.
Why it matters to readers
The consecutive negative readings indicate weak buying power in the U.S. market and may reflect selling pressure or declining risk appetite.
It is an indicator for observing Bitcoin buying and selling sentiment in the U.S. market, but cannot independently represent the overall market trend.
Risks and unknowns
A single indicator cannot independently confirm capital outflows or the overall market trend.
The information comes from BlockBeats' summary of Coinglass data; the underlying data was not provided in the evidence.
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Coinbase Bitcoin Premium Index
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