Coinbase Bitcoin Price Index has been in a negative premium for 24 consecutive days, currently at -0.0658%.

On November 23rd, based on Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 24 consecutive days and is currently at -0.0658%. 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 flow of funds 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, institutions or compliant funds actively entering the market, 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 decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.