Coinbase Premium Index at -0.0033%… “Improving buying sentiment in the U.S. market”
Summary
- The Coinbase Bitcoin premium index ended a 40-day stretch of negative readings and reportedly turned positive, briefly reaching 0.0159%.
- The index then edged back down to -0.0033%, but the drop has narrowed significantly compared with earlier levels.
- The index is used as a gauge of capital inflows into the U.S. market, institutional investment demand, and market sentiment.
Forecast Trend Report by Period
The Coinbase Bitcoin (BTC) premium index, which had remained negative for the past 40 days, briefly turned positive before slipping back slightly into negative territory.
On the 26th, BlockBeats, citing CoinGlass data, reported that the Coinbase Bitcoin premium index came in at 0.0159% the previous day, ending a 40-day streak in negative territory. The index later turned back to -0.0033%, but the decline has narrowed significantly compared with earlier levels.
The Coinbase Bitcoin premium index measures how much higher or lower Bitcoin prices on Coinbase—a major U.S. trading platform—are relative to the global average. It is used as a gauge of capital inflows into the U.S. market, institutional investment demand, and overall market sentiment.
Typically, a positive (+) reading is interpreted as strong buying pressure in the U.S. market and active inflows of institutional or regulation-friendly capital. Conversely, a negative (-) reading is viewed as indicating relatively stronger selling pressure in the U.S. or heightened risk-off sentiment.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
