Coinbase Bitcoin Price Premium Index Turns Positive Again as US Market Buying Sentiment Improves

BlockBeats News, February 27th, according to Coinglass data, Coinbase's Bitcoin Premium Index was in a negative premium yesterday and has turned positive again today, currently standing at 0.0079%. The previous negative premium lasted for 40 days, 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, typically implying: strong buying interest in the U.S. market, institutional or compliant funds actively entering the market, 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, a rise in market risk aversion, or capital outflows.