Bitcoin drops for 3 consecutive days! What signals does Coinbase's negative premium send?

2026-01-18 11:38:11

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【BlockBeats】According to the latest data, the Bitcoin premium index on Coinbase has been in negative territory for three consecutive days, currently at -0.0397%. Looking back at the past month, 28 out of 30 days have shown a negative premium.

What is the Coinbase Bitcoin Premium Index? Simply put, it measures the deviation of Bitcoin prices on the leading US trading platform from the global market average. This indicator particularly reflects capital flows and investor sentiment changes in the US market.

What does a positive premium mean? When Coinbase prices are higher than the global average, it indicates strong buying activity in the US market—institutional funds and compliant investors are actively positioning, US dollar liquidity is ample, and the overall sentiment is optimistic.

Conversely, a negative premium tells a different story. When Coinbase prices are below the global average, it suggests increasing selling pressure locally, a decline in investors’ risk appetite, possibly due to rising risk aversion or capital outflows. A continuous 28 days of negative premium? This signal warrants attention.

BTC-0.15%

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