Coinbase Bitcoin Premium Index turns negative at -0.0198%

According to Coinglass data, the Coinbase Bitcoin Premium Index has turned negative, currently standing at -0.0198% compared to 0.0013% yesterday. This shift indicates a cooling of buying sentiment in the U.S. market. The index measures the price difference of Bitcoin on Coinbase relative to the global average, serving as a key indicator for institutional investment activity and capital flow in the United States.