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Coinbase premium index negative for 15 consecutive days… "U.S.-origin supply-demand weakness persists"

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Minseung Kang
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  • Reported that the Coinbase premium index recorded negative territory for 15 consecutive days.
  • Said that the index's negative value means Bitcoin prices in the U.S. market are forming lower than the global average.
  • Stated that a prolonged negative premium index is interpreted as a sign of capital outflows within the U.S. and strengthened risk-asset avoidance.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Photo = Coinglass capture
Photo = Coinglass capture

The Coinbase premium index, which gauges Bitcoin (BTC) supply and demand in the U.S. market, was found to have remained in negative territory for 15 consecutive days.

On the 29th, according to the crypto-focused outlet Odaily, Coinglass data showed the Coinbase Bitcoin premium index at -0.0858% as of that day. The index indicates at what level the Bitcoin price listed on Coinbase is trading relative to the global average price.

The Coinbase premium index is used as a representative indicator to observe institutional and regulated capital flows within the U.S. If the index shows a positive (+) value, it is interpreted to mean that buying pressure in the U.S. market is stronger than the global average, and it is often taken as a sign of institutional capital inflows and improved investor sentiment.

Conversely, a negative (-) premium means Coinbase's price is lower than the global average. This is interpreted as a signal of expanded relative selling pressure in the U.S. market, strengthened risk-asset avoidance tendencies, or the possibility of capital outflows.

The outlet said, "A prolonged period of a negative premium index like this shows that U.S.-origin capital flows remain conservative."

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

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