On-chain funding sentiment is signaling an important message.

Latest data shows that Bitcoin's Coinbase premium index has remained positive for 18 consecutive days, currently around 0.0336%.
This indicator mainly measures the difference between BTC prices on the Coinbase platform and the average global market price. When this value is positive, it usually indicates stronger buying on the platform and higher capital demand.
In other words, if a negative premium appears, it often signifies increased selling pressure in the U.S. market and a decline in risk appetite; while sustained positive premiums are generally interpreted as institutional funds and mainstream market demand continuing to flow in.
Although the number looks small, maintaining a positive value for multiple days often reflects a stable change in the capital structure.
The true market direction is often not determined by a single candlestick but by the gradual accumulation of funds.
In the short term, focus on price; in the long term, focus on capital; the real trend always begins with the flow of funds. 📈