Bullish sentiment in the US market recovers, with the Coinbase Bitcoin Premium Index currently standing at -0.0033%

BlockBeats News, February 26th, according to Coinglass data, Coinbase's Bitcoin Premium Index turned positive yesterday, at 0.0159%, ending a continuous 40-day discount, and turned negative again today, but narrowed compared to before, currently at -0.0033%, indicating a warming buying sentiment in the U.S. market.

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 enthusiasm, and market sentiment changes.

A positive premium indicates that the Coinbase price is higher than the global average, usually implying: strong buying interest in the U.S. market, active institutional or compliant fund inflows, sufficient 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, decreased investor risk appetite, a rise in market risk aversion or fund outflows.