Coinbase Bitcoin Premium Index has been in negative premium for 13 consecutive days, indicating continued weak purchasing power in the U.S. market.

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BlockBeats message, March 31, according to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 13 consecutive days, currently at -0.0903%, and buying power in the U.S. market remains weak.

The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium usually reflects heavier sell pressure in the U.S. market, a decline in investors’ risk appetite, rising market risk-avoidance sentiment, or capital outflows.

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