Coinbase Bitcoin Premium Index ends 29-day streak of negative premium, currently at 0.0255%

BlockBeats News, November 30th, according to Coinglass data, after a record-breaking 29 consecutive days of negative premium, Coinbase's Bitcoin Premium Index has returned to a positive value, now standing at 0.0255%.

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 U.S. market capital inflows, institutional investment enthusiasm, and market sentiment changes.

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 the market, ample USD liquidity, and 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.