PANews reported on February 8 that, according to the latest data from Coinglass, the Coinbase Bitcoin premium index has been in negative territory for 25 consecutive days, currently at -0.0864%. So far in 2026, it has only been positive for two days: 0.011% on January 6 and 0.0023% on January 15.

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, a decline in investor risk appetite, increased market risk aversion, or capital outflow.