PANews reported on January 24 that, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for nine consecutive days, currently at -0.1399%. It has only been positive for two days so far in January. This 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 typically reflects significant selling pressure in the US market, decreased investor risk appetite, heightened market risk aversion, or capital outflows.