Coinbase Bitcoin Premium Index has returned to a positive value, currently at 0.0331%.

BlockBeats News, December 3rd, according to Coinglass data, the Coinbase Bitcoin Premium Index has once again turned positive, now standing at 0.0331 (yesterday was -0.0087%).

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 to observe U.S. market capital inflows, institutional investment interest, and market sentiment changes.

A positive premium indicates that the Coinbase price is higher than the global average, usually indicating: strong buying pressure in the U.S. market, institutional or compliant funds actively entering, ample USD liquidity, and a slightly optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: higher selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.