Coinbase Bitcoin Premium Index negative for consecutive 31 days
BIBIBI
AT A GLANCE
Coinbase The Bitcoin Premium Index has been negative for consecutive 31 days, indicating weak buying interest in the U.S. market.
Article
Coinbase The Bitcoin Premium Index has recorded negative values for consecutive 31 days, with U.S. market purchasing power falling into a slump again.
BlockBeats reported that October 24, according to CoinGlass data,Coinbase the Bitcoin Premium Index has recorded negative values for consecutive 31 days, most recently at -0.1353%, with U.S. market purchasing power falling into a slump again.
Previously,August 24，Coinbase the Bitcoin Premium Index showed a positive signal again for the first time since May 19, at 0.0052%, temporarily ending the longest-ever consecutive negative-premium period of 97 days.Coinbase The Bitcoin Premium Index measures the Bitcoin price spread between Coinbase Pro and Binance. A persistently negative index generally means that Coinbase quotes are relatively lower, which may reflect weak buying interest or substantial selling pressure in the U.S. market, but this indicator alone should not be used to directly conclude that institutional capital is flowing out.
Original link:https://m.theblockbeats.info/flash/373540
Key points
01
According to CoinGlass data,Coinbase the Bitcoin Premium Index has recorded negative values for consecutive 31 days.
02
The index was most recently at -0.1353%。
03
The index measures the Bitcoin price spread between Coinbase Pro and Binance.
04
A persistently negative index generally means that Coinbase quotes are relatively lower, which may reflect weak buying interest or substantial selling pressure in the U.S. market.
05
This indicator alone cannot directly establish that institutional capital is flowing out.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This index compares Bitcoin prices on Coinbase Pro and Binance. A consecutive negative reading means that Coinbase quotes are relatively lower, potentially indicating weaker buying interest or greater selling pressure in the U.S. market, but it cannot independently prove capital outflows.
Why it matters to readers
Weaker related buying interest in the U.S. market may weigh on short-term market sentiment, but this must be assessed alongside other spot-demand and trading data.
It is an indicator for observing price differences across trading platforms and can help assess buying and selling forces in a particular market, but cannot independently serve as a conclusion about capital flows.
Risks and unknowns
The report is a secondary account and does not provide an original data link that can be independently verified.
The article does not state whether the negative reading will continue to widen or when it may turn positive.
The index itself cannot directly prove institutional capital outflows.
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Related concepts
Bitcoin Premium Index
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