On Coinbase, the price of BTC showed a negative premium of approximately -0.1% compared to several major Asian exchanges for one consecutive hour.

According to Coinglass data, the price of Bitcoin on Coinbase showed a negative premium of approximately -0.1% for about an hour today, compared to several other major Asian exchanges. This has now narrowed to -0.0632%. Furthermore, the Coinbase premium index has been in negative territory for 12 consecutive days since the 15th of this month. A negative premium on the Coinbase Bitcoin premium index indicates that the price of Bitcoin on Coinbase is lower than the global average. This usually reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.