Coinbase Bitcoin Premium Index data has remained negative for 11 consecutive days, indicating that 🎈💥 buying pressure from the U.S. market has once again weakened for an extended period. According to data from CoinGlass, the Coinbase Bitcoin ($BTC ) Premium Index has stayed negative for 11 straight days and is currently at –0.0545%, suggesting that Bitcoin buying demand in the U.S. market is declining again. This comes after a 19-day streak of positive readings for the index. The indicator measures the price difference between Bitcoin on Coinbase and the global average market price. A negative reading usually reflects strong selling pressure from U.S. investors, declining risk appetite, rising market risk-off sentiment, or capital outflows from the market. #BTCBreaks5MonthDowntrend #BTCBestMonthSince2024Q4 #BTCBottomPlayingOut