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🔥Coinbase Bitcoin Premium Index turns positive for 2 consecutive days, US market buying sentiment warms up
According to Coinglass data, the Coinbase Bitcoin Premium Index has been positive for 2 consecutive days, now at 0.014%. The US market buying sentiment is beginning to recover, after being in negative premium for 15 consecutive days. The Coinbase Bitcoin Premium Index measures the difference between Bitcoin prices on Coinbase and the average global market price. A positive premium indicates Coinbase prices are higher than the global average, usually signaling strong US market buying, with institutional or compliant funds actively entering the market. A negative premium indicates Coinbase prices are lower than the global average, typically reflecting greater selling pressure in the US market and decreased investor risk appetite.
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