BlockBeats News, March 12th, according to Coinglass data, Coinbase’s Bitcoin Premium Index has been positive for 2 consecutive days, currently at 0.0231%, with 5 out of the past 10 days experiencing a positive premium. The buying sentiment in the U.S. market is starting to improve, after previously being in a negative premium for 40 consecutive days.
BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, institutional investment interest, and market sentiment changes.
A positive premium indicates that the Coinbase price is higher than the global average, usually indicating: strong U.S. market buying pressure, institutions or compliant funds actively entering the market, ample USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion or capital outflows.
