COINOTAG News, December 21 — Citing Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for seven consecutive sessions, currently at -0.044%. This metric gauges the spread between Bitcoin pricing on Coinbase and the global benchmark, serving as a vital read on U.S. capital inflows, institutional appetite, and overall market sentiment.
From a directional perspective, a positive premium suggests Coinbase trades above the global average, signaling robust U.S. demand, potential inflows from institutional or regulated funds, and ample USD liquidity supporting a risk-on backdrop. In contrast, the current negative premium implies increased selling pressure in the U.S., dampened risk tolerance, and heightened risk aversion with capital rotating away from crypto assets.
Source: https://en.coinotag.com/breakingnews/bitcoin-premium-on-coinbase-drops-for-7th-straight-day-to-0-044
