Coinbase Bitcoin Premium Index Stays Negative for 33 Days
Photo: TokenPost
Bitcoin (BTC) traded below the global market average on Coinbase as the Coinbase Bitcoin Premium Index recorded its 33rd consecutive day below zero, with the latest reading at -0.1259%. The index compares Bitcoin's price on Coinbase with a global market average. At -0.1259%, Coinbase's price was 0.1259% below that benchmark at the latest observation. The measure tracks a relative price gap; it does not directly measure total U.S. investor flows. A negative reading points to persistently weak U.S. buying power and generally reflects heavier selling pressure or lower investor risk appetite.
Source: TokenPost
