an exchange Bitcoin Premium Index Records Negative Value for 6 Consecutive Days
BlockBeats News, May 21st, according to Coinglass data, an exchange's Bitcoin Premium Index has been in a negative premium for 6 consecutive days, currently at -0.0919%. The continuous outflow of Bitcoin from an exchange's spot ETF highlights the weak buying power in the U.S. market.
The exchange Bitcoin Premium Index is used to measure the difference between the Bitcoin price on an exchange and the global market average price. A negative premium usually indicates significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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