Coinbase Bitcoin Premium Index Remains Negative for 7 Consecutive Days

According to CoinGlass data, the Coinbase Bitcoin premium index has recorded negative values for seven straight days, currently standing at -0.0205%. This trend suggests a decline in buying pressure within the U.S. market. While the index briefly turned positive on August 24 for the first time since May 19, ending a 97-day streak of negative premiums, the recent data indicates renewed weakness. The index measures the price difference between Coinbase Pro and Binance; a persistent negative value typically reflects weaker buying interest or increased selling pressure in the U.S., though it does not definitively confirm institutional capital outflows.