Coinbase BTC premium negative for 19th straight day

The Coinbase Bitcoin (BTC) Premium Index has remained negative for 19 consecutive days, according to data from Coinglass. The index currently stands at -0.0401%, a narrower negative margin than previously observed. This suggests an easing of selling pressure for BTC in the U.S. market. However, the sustained 19-day negative streak indicates that buying demand from U.S. investors has not yet fully recovered. Market analysts suggest that a shift into positive territory could signal a recovery in U.S. buying momentum, while a widening of the negative premium could point to further selling pressure.