COINOTAG News, reporting on December 24, notes that the Coinbase Bitcoin Premium Index has logged a negative print for a tenth consecutive session, standing at -0.0648%. The reading signals subdued U.S. demand relative to the global Bitcoin price.
The Coinbase Bitcoin Premium Index measures the price gap between Coinbase and the global reference price. A negative reading suggests selling pressure and risk-off sentiment in the U.S. market, while a positive premium typically points to stronger institutional inflows and ample USD liquidity.
Traders and portfolio managers should view this indicator as part of a broader dashboard, corroborating with liquidity metrics, sentiment gauges, and macro risk appetite to assess capital allocation trends rather than rely on a single signal.
Source: https://en.coinotag.com/breakingnews/bitcoin-coinbase-premium-index-drops-to-0-0648-for-10-consecutive-days-indicating-us-market-sell-pressure
