
Coinglass data shows the index briefly turned positive for the first time in 22 days before reverting to -0.0277%, indicating renewed U.S. Bitcoin selling pressure.
Coinglass reported that the Coinbase Bitcoin Premium Index briefly entered positive territory for the first time in 22 days before falling back to -0.0277%. This index measures the price difference between Bitcoin on Coinbase and global averages, with negative readings suggesting U.S. market selling pressure and increased risk aversion.