Market sentiment in the United States turns bullish, with the Coinbase Bitcoin premium index in positive territory for the second consecutive day

BlockBeats News, April 10th, according to Coinglass data, the Coinbase Bitcoin Premium Index has been positive for 2 consecutive days, currently at 0.014%, the buying sentiment in the U.S. market is starting to recover, after previously being in a negative premium for 15 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 U.S. market fund flows, institutional investment enthusiasm, and market sentiment changes.

A positive premium indicates that the Coinbase price is higher than the global average, usually implying: strong U.S. market buying pressure, institutional or compliant funds actively entering the market, ample USD liquidity, and a predominantly 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, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.