Data: Coinbase Bitcoin Premium Index recorded negative values for 21 consecutive days

According to data from Coinglass, the Coinbase Bitcoin premium index has been in negative premium for 21 consecutive days, currently reported at -0.0621%, as purchasing power in the U.S. market continues to weaken.

Note: 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.