Data: The Coinbase Bitcoin premium index has been in negative premium for ten consecutive days, with only two days of positive values this year

According to Coinglass data, the Coinbase Bitcoin Premium Index has been continuously in negative premium, currently reported at -0.1605%, with only two days of positive values this year.

This indicator 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 decline in investor risk appetite, increased market risk aversion, or capital outflows.