The Coinbase Bitcoin Premium Index was negative for 38 consecutive days

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The Coinbase Bitcoin Premium Index has recorded a negative value for 38 consecutive days, and purchasing power in the U.S. market remains depressed.

BlockBeats reports that,October 31, according to CoinGlass data,Coinbase the Bitcoin Premium Index has recorded a negative value for 38 consecutive days, with the latest reading at -0.2434%, indicating that purchasing power in the U.S. market remains depressed.

Previously,August 24，Coinbase the Bitcoin Premium Index showed a positive signal again for the first time since May 19, at 0.0052%, briefly ending the longest negative premium period on record, which had lasted for 97 consecutive days.Coinbase The Bitcoin Premium Index measures the Bitcoin price difference between Coinbase Pro and Binance. A persistently negative index generally means that Coinbase quotes are relatively lower. This may reflect weaker buying or greater selling pressure in the U.S. market, but institutional outflows should not be inferred solely from this indicator.

Original link https://m.theblockbeats.info/flash/374801

Key points

According to CoinGlass data, the Coinbase Bitcoin Premium Index recorded a negative value for 38 consecutive days.
The latest reading of the index is -0.2434%。
The index measures the Bitcoin price difference between Coinbase Pro and Binance.
A persistently negative index generally means that Coinbase quotes are relatively lower, which may reflect weaker buying or greater selling pressure in the U.S. market.

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 negative value means that Coinbase quotes are relatively lower, which may indicate weaker buying or greater selling pressure in the U.S. market.

Why it matters to readers

It can be used to observe buying and selling pressure in the U.S. market, but institutional outflows cannot be inferred solely from this indicator.

Beginners can understand it as a signal of Bitcoin price strength or weakness in the U.S. market relative to other markets.

Risks and unknowns

Institutional outflows cannot be inferred directly from this indicator alone.
The text does not provide independent cross-verification of this data.

The Coinbase Bitcoin Premium Index was negative for 38 consecutive days

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