Data: Coinbase Bitcoin Premium Index "turned positive" only to "turn negative" again after one day
According to Coinglass data, the Coinbase Bitcoin Premium Index turned positive yesterday after 22 days, but the positive status lasted only one day and has now "turned negative" again, currently reported at -0.0277%.
The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decrease in investor risk appetite, heightened market risk aversion, or capital outflows.
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