Bullish Sentiment Returns to US Market, Coinbase Bitcoin Premium Index Back in Positive Territory

BlockBeats News, March 3rd, according to Coinglass data, Coinbase Bitcoin Premium Index has turned positive again today, at 0.0028%, with 3 trading days in the past week in a premium state. The buying sentiment in the U.S. market is starting to improve, after previously being in a negative premium state for 40 consecutive days.

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 of observing the flow of funds in the U.S. market, 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 the market, 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, reduced investor risk appetite, a rise in market risk aversion, or capital outflows.