ChainThink report, December 24, according to Coinglass data, the Coinbase Bitcoin premium index has remained in negative premium for 10 consecutive days, currently at -0.0648%.

ChainThink note: The Coinbase Bitcoin Premium Index measures the deviation of Bitcoin's price on Coinbase (a major U.S. trading platform) from the global average market price. This index serves as a key indicator for monitoring capital flows in the U.S. market, institutional investment sentiment, and shifts in market psychology.

A positive premium indicates that Coinbase’s price is higher than the global average, typically reflecting strong buying pressure in the U.S. market, active participation of institutional or compliant capital, ample USD liquidity, and an optimistic investment sentiment. A negative premium indicates that Coinbase’s price is lower than the global average, generally signaling significant selling pressure in the U.S. market, declining risk appetite among investors, rising safe-haven demand, or capital outflows.