The Coinbase Bitcoin premium index has recorded negative values for 18 consecutive days, indicating a continued weakness in purchasing power in the U.S. market

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 18 consecutive days, currently reported at -0.1347%, as purchasing power in the U.S. market continues to weaken.

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 decrease in investor risk appetite, increased market risk aversion, or capital outflows.