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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