According to TechFlow, on December 26th, data from Coinglass showed that the price of Bitcoin on Coinbase had a negative premium of approximately -0.1% compared to several other major Asian exchanges for about an hour at noon today. This has now narrowed to -0.0632%. Furthermore, the Coinbase premium index has been in negative territory for 12 consecutive days since December 15th. A negative Coinbase Bitcoin premium index indicates that the price of Bitcoin on Coinbase is lower than the global average, typically reflecting significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.
The price of BTC on Coinbase experienced a negative premium of approximately -0.1% against the Asian market for about an hour around noon today, marking the 12th consecutive day that the premium index has been negative.
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