Bullish Sentiment Returns to US Market, Coinbase Bitcoin Premium Index Currently at -0.08%

BlockBeats News, February 9th, according to Coinglass data, the negative premium of Coinbase's Bitcoin Premium Index has recently narrowed to -0.08%, and the buying sentiment in the U.S. market is starting to improve.

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 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 price, usually indicating: strong buying pressure in the U.S. market, active entry of institutional or compliant funds, ample USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, usually reflecting: significant selling pressure in the U.S. market, decreased investor risk appetite, increasing market risk aversion or capital outflows.