Coinbase Bitcoin Premium Index has remained in a negative premium since October 31, currently standing at -0.0499%.

On November 19th, based on Coinglass data, the Coinbase Bitcoin Premium Index has been in a continuous state of negative premium since October 31st. Currently, it stands at -0.0499%. BlockBeats Note: The Coinbase Bitcoin Premium Index is employed to measure the disparity between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index serves as an important indicator for observing the fund flow in the U.S. market, institutional investment sentiment, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting: strong buying pressure in the U.S. market, institutional or compliant funds actively participating, abundant USD liquidity, and a predominantly optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, a decline in investor risk appetite, an increase in market risk aversion or capital outflows.