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Data from December 28 shows that the Bitcoin premium index of a leading compliant US platform has remained in negative territory for 14 consecutive days, with the latest quote at -0.0702%.
What is the premium index? Simply put, it is used to compare the BTC price on a specific platform with the average global market price. This indicator is particularly important as it reflects the capital flow, institutional participation, and market sentiment in the US market.
What does a positive premium mean? It indicates that the platform's price is above the global average, usually a sign of strong buying power in the US market—institutional funds and compliant capital are actively buying, US dollar liquidity is ample, and investor sentiment is optimistic.
And a negative premium? The opposite. It means the price is below the global average, indicating significant selling pressure, investors are beginning to hedge risks, risk aversion is rising, or there are signs of capital outflows.
A 14-day consecutive negative premium is still noteworthy in the current market environment—it may reflect a shift in US institutional investors' attitude.