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Coinbase Bitcoin Premium Index Remains Negative for 19 Consecutive Days

As of October 12, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days, currently reported at -0.12%, marking a recent low and indicating a persistent weakness in purchasing power in the U.S. market. This index measures the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

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