According to data from Coinglass, the Coinbase Bitcoin Premium Index has been in negative territory for nine consecutive days, currently at -0.1399%, with only two days showing a positive value. This indicator measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.
Data: The Coinbase Bitcoin Premium Index has been in negative territory for nine consecutive days, with only two days showing a positive value so far in January.
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