New Trends in Bitcoin Market
According to the latest data from Coinglass, Coinbase's Bitcoin premium index has remained negative for 9 consecutive days, currently at -0.1399%. This indicates a cooling in investor sentiment in the U.S. market and a rise in risk-averse behavior.
Understanding the Premium Index
The premium index is a crucial metric for measuring the difference between Bitcoin prices on Coinbase and the global average. Its prolonged negative state highlights increasing selling pressure in the U.S. market, potentially linked to declining risk appetite or capital shifting to other markets.
- Premium index negative for 9 days
- Only two days positive
- Reflects rising risk-averse sentiment
This trend warrants close attention from investors as it could signal broader shifts in market dynamics.