Coinbase Bitcoin Premium Index Holds at -0.0648% for 10th Straight Day

The Coinbase Bitcoin premium index remained negative for the 10th consecutive day at -0.0648% on Dec. 24, Coinglass data cited by BlockBeats show. The index tracks price differences between Bitcoin on Coinbase and the global market average. BlockBeats notes the indicator is widely used to gauge U.S. market capital flows and institutional participation, with negative readings pointing to relatively weaker prices on Coinbase versus the global average.