Data: The Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, and the purchasing power in the US market has once again fallen into a slump

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, currently reported at -0.032%, indicating that purchasing power in the U.S. market has once again fallen into a slump.

Previously, it had been in positive premium for 19 consecutive days. 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.