🔥Coinbase Bitcoin Premium Index has turned positive for 2 consecutive days, US market buying sentiment is warming up


According to Coinglass data, the Coinbase Bitcoin Premium Index has been positive for 2 consecutive days, now at 0.014%, and the US market buying sentiment is beginning to recover, after being in negative premium for 15 consecutive days. The Coinbase Bitcoin Premium Index is used to measure 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 signifying strong buying activity in the US market, with institutional or compliant funds actively entering. A negative premium indicates Coinbase prices are lower than the global average, typically reflecting greater selling pressure in the US market and a decline in investor risk appetite.
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