The Coinbase Bitcoin Premium Index has been in a negative premium for 21 consecutive days, currently standing at -0.0989%.

On November 20th, according to Coinglass data, the Bitcoin Premium Index of Coinbase has been in a negative premium for 21 consecutive days and is currently at -0.0989%. BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator for observing U.S. market liquidity, institutional investment interest, and market sentiment changes. 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 entering the market, abundant USD liquidity, and a generally 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 decrease in investor risk appetite, a rise in market hedging sentiment, or capital outflows.