Data: Coinbase Bitcoin premium index turns negative again, currently reported at -0.0198%

According to Coinglass data, the Coinbase Bitcoin premium index has turned negative again, currently reported at -0.0198% (yesterday it was 0.0013%), and the buying sentiment in the U.S. market has once again fallen into a slump.

The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decline in investors' risk appetite, an increase in market risk aversion, or capital outflow.