Coinbase Bitcoin Premium Index Remains Negative for Fourth Consecutive Day

According to CoinGlass data, the Coinbase Bitcoin premium index has recorded negative values for four straight days, currently standing at -0.0082%. This trend suggests a decline in buying pressure within the U.S. market. The index, which measures the price difference between Coinbase Pro and Binance, previously turned positive on August 24 at 0.0052%, ending a record 97-day streak of negative premiums. Analysts note that while a negative index often reflects weaker buying or increased selling pressure in the U.S., it does not definitively confirm institutional capital outflows.