Coinbase Bitcoin (BTC) Premium Index Remains Negative at -0.15% on Nov. 8

The Coinbase Bitcoin Premium Index remained negative at -0.15% on Nov. 8, compared with -0.17% in the Nov. 7 reading. The index stood at -0.15%, closer to zero than its -0.17% reading on Nov. 7 . The move shows that the price gap between the two exchanges narrowed, even as the index remained negative. The index measures the difference between Bitcoin prices quoted on Coinbase Pro and Binance. A reading below zero means the Coinbase Pro quote is lower. The reading does not measure how much Bitcoin U.S. investors bought or sold. A sustained negative premium can reflect weaker buying or stronger selling pressure on Coinbase Pro. It cannot, by itself, establish that institutional investors are moving funds out of Bitcoin. The smaller gap on Nov.

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