Bitcoin Premium Index Stays Negative, Market Sentiment Shifts
Recent data shows that the Coinbase Bitcoin premium index has remained negative for five consecutive days, currently at -0.126%. Over the past 28 days, the index was negative for 26 days, indicating weak Bitcoin demand in the US market.
What the Premium Index Reveals
The Coinbase Bitcoin premium index measures the price difference between the US exchange and the global average. A prolonged negative premium often signals:
- Increased selling pressure in the US
- Declining investor risk appetite
- Potential capital outflows to overseas markets
- Rising market caution or避险 sentiment
This trend may be linked to recent macroeconomic volatility, regulatory developments, and shifting investment strategies, warranting close attention.