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Coinbase Bitcoin Premium Index remains negative for 19 consecutive days, currently at -0.12%, marking a recent low.
Coinbase Bitcoin Premium Index remains negative for 19 consecutive days
BlockBeats news,October 12, according to data from Coinglass,Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days, currently at -0.12%, marking a recent low and indicating continued weakness in purchasing power in the US market.Coinbase The Coinbase Bitcoin Premium Index measures the difference between the Bitcoin price on https://m.theblockbeats.info/flash/371337
BlockBeats reported on October 12, citing Coinglass data, that the Coinbase Bitcoin Premium Index had remained negative for 19 consecutive days.
The index is currently at -0.12%, marking a recent low.
The original text states that the index measures the difference between the Bitcoin price on Coinbase and the global market average price.
The original text states that a negative premium typically reflects greater selling pressure in the US market, declining investor risk appetite, heightened risk aversion, or capital outflows.
The following is analysis, separate from reported facts. Verify important claims independently.
Simply put, the Bitcoin price on Coinbase has recently remained below the global market average price mentioned in the text. The report interprets this phenomenon as a sign of weak purchasing power in the US market, but this is only an indicator signal and does not directly prove specific capital flows.
This indicator can be used to observe the relative strength of Bitcoin prices in the Coinbase market. Remaining negative and reaching a recent low may serve as a signal for monitoring trading sentiment in the US market.
Beginners can treat it as a market thermometer rather than a standalone basis for buying or selling; a negative value means that the Coinbase price is relatively low and does not mean that the Bitcoin price will necessarily continue to fall.
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