The Coinbase Bitcoin Premium Index has been in negative territory for 19 consecutive days, currently at -0.0401%.

CoinFeed reported on June 6th that, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in a negative premium state for 19 consecutive days, currently at -0.0401%. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium usually reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflow.