Coinbase's Bitcoin Premium Index has remained positive for nine consecutive days, reaching 0.0117%, according to Coinglass data. This marks a significant shift in U.S. market sentiment, following a previous 15-day streak of negative premiums. The index, which compares Bitcoin's price on Coinbase to the global market average, is a key indicator of U.S. buying demand and institutional interest. A positive premium suggests that Bitcoin's price on Coinbase is higher than the global average, indicating strong buying demand and optimistic investor sentiment in the U.S. This trend reflects active inflows from institutional investors and ample U.S. dollar liquidity, signaling a recovery in market confidence.
Coinbase Bitcoin Premium Index Positive for Nine Days Amid U.S. Buying Sentiment
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