Data: The Coinbase Bitcoin Premium Index has turned positive again after 8 days, currently reported at 0.0023%.
TechFlame
14hours ago
TechFlame14hours ago
TechFlame News - According to Coinglass data, the Coinbase Bitcoin Premium Index has turned positive after 8 days of negative premiums, currently reported at 0.0023%. The Coinbase Bitcoin Premium Index measures the difference between Bitcoin prices on Coinbase (a major U.S. trading platform) and the global average price. This index serves as an important indicator for observing capital flows in the U.S. market, institutional investment activity, and shifts in market sentiment. A positive premium indicates that Coinbase prices are higher than the global average, typically suggesting strong buying pressure in the U.S. market, active participation from institutional or compliant capital, ample U.S. dollar liquidity, and optimistic investment sentiment. Conversely, a negative premium reflects lower Coinbase prices compared to the global average, often indicating greater selling pressure in the U.S. market, declining investor risk appetite, rising market caution, or capital outflows.