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Coinbase Bitcoin Premium Index records negative value for 33 consecutive days.
· Source: BlockBeats
BlockBeats news, October 26 - According to Coinglass data, the Coinbase Bitcoin Premium Index has recorded negative values for 33 consecutive days, with the latest reading at -0.1259%, indicating continued weakness in purchasing power in the U.S. market. 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 U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.
This brief is provided by BlockBeats. It doesn’t reflect our views and isn’t investment advice.
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