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What does it mean when Bitcoin's negative premium persists for 14 days? What's happening in the US market?
【Blockchain Rhythm】Recently, a data point has attracted attention—Bitcoin has been in a state of negative premium on major US trading platforms (a compliant platform) for 14 consecutive days, currently at -0.0702%.
What is the premium index? Simply put, it is an indicator used to compare the Bitcoin price on a specific platform with the global market average. It can reflect regional capital flows, institutional participation, and market sentiment.
When the premium is positive, it indicates that the platform’s price is above the global average—this means strong buying activity in the local market, active influx of institutional and compliant funds, ample USD liquidity, and generally optimistic market sentiment. Conversely, a negative premium means the price is below the global average, which signals a more nuanced situation. Negative premium usually indicates heavy selling pressure, investors reducing risk appetite, risk aversion increasing, or funds flowing out to other markets.
A negative premium for 14 consecutive days is indeed noteworthy. As one of the most important global crypto capital centers, the US market’s sentiment changes often influence the overall market rhythm.