BlockBeats News, March 19th, according to Coinglass data, Coinbase’s Bitcoin Premium Index turned negative again after 5 consecutive days of positive premium, currently at -0.0022%. The buying sentiment in the U.S. market has improved compared to February, 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 of observing the flow of funds in the U.S. market, institutional investment interest, and changes in market sentiment.
A positive premium indicates that the Coinbase price is higher than the global average, usually implying: strong buying pressure in the U.S. market, institutional or compliant funds actively entering, 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.
