Data: Coinbase Bitcoin premium index has recorded negative values for 13 consecutive days, indicating weak purchasing power in the US market

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 6 consecutive days, currently reported at -0.1644%. The outflow of Bitcoin spot ETFs over several days highlights the weak purchasing power in the U.S. market.

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.