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Bitcoin Coinbase premium turns positive after 29 days…Signal of U.S. investor sentiment recovery
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Summary
- Reported that the Bitcoin Coinbase premium index turned positive after 29 days.
- The premium's shift to positive is interpreted as a sign of strengthened U.S. market buying pressure and improved investor sentiment.
- Stated that the Coinbase premium represents the difference between the Coinbase price and the global average price.
The Bitcoin (BTC) Coinbase premium index ended a 29-day consecutive negative run and turned positive again.
According to CoinGlass data on the 30th (local time), the Bitcoin Coinbase premium was 0.0255% as of the previous day, rising into positive territory for the first time in 29 days. The negative (-) premium that persisted for nearly a month has been seen as reflecting selling dominance in the U.S. market and risk-aversion tendencies.
The Coinbase premium index is an indicator showing the difference between Coinbase (BTC/USD price), a major U.S. regulated exchange, and the global market average price. The premium turning positive means the Coinbase price is higher than the global average and is generally interpreted as a signal of strengthened U.S.-based buying pressure, increased institutional participation, a recovery in dollar liquidity, and improved investor sentiment.
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