Data: The Coinbase Bitcoin Premium Index has recorded negative values for 51 consecutive days, as purchasing power in the U.S. market continues to remain sluggish

According to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for 51 consecutive days, with the latest at -0.1%, indicating that purchasing power in the U.S. market continues to be sluggish.

Previously, on August 24, the Coinbase Bitcoin Premium Index reappeared with a positive signal for the first time since May 19, reporting at 0.0052%, temporarily ending the longest historical negative premium period of 97 days. The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically means that Coinbase's pricing is relatively low, which may reflect weak buying interest or significant selling pressure in the U.S. market, but it is not advisable to directly conclude that institutional funds are flowing out solely based on this indicator.