Coinbase Bitcoin Premium Index Holds at -0.0837% on Third Consecutive Day
The Coinbase Bitcoin Premium Index stood at -0.0837% on Jan. 9, marking its third straight day in negative territory, Coinglass data cited by BlockBeats show. The index has remained below zero on 25 of the past 26 days, with Coinbase's BTC price trading below the global market average. The index measures the price gap between Bitcoin on Coinbase and the global average, serving as a gauge of U.S. market capital flows, institutional participation and sentiment.