PANews reported on April 26 that, according to data from Coinglass, the Coinbase Bitcoin Premium Index has been positive for 18 consecutive days and is currently at 0.0336%.

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.