The Coinbase Bitcoin premium index has been in negative premium for 13 consecutive days, with purchasing power in the U.S. market continuing to be sluggish

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 13 consecutive days, currently reported at -0.0903%, with purchasing power in the U.S. market continuing to be sluggish.

The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase 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.