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Coinbase Bitcoin Premium Index has been in negative premium for 10 consecutive days.
Deep Tide TechFlow news, March 29, according to Coinglass data, the Coinbase Bitcoin premium index has remained in a negative premium state for 10 consecutive days, currently at -0.0932%. The Coinbase Bitcoin premium index measures the difference between Bitcoin prices on Coinbase (a major U.S. exchange) and the global market average price. A negative premium generally indicates increased selling pressure in the U.S. market, a decline in investors’ risk appetite, a rise in market safe-haven sentiment, or capital outflows.