The buying sentiment in the U.S. market continues to improve, with the Coinbase Bitcoin Premium Index remaining positive for the 8th consecutive day.

BlockBeats News, April 16th, according to Coinglass data, Coinbase's Bitcoin Premium Index has remained positive for 8 consecutive days, currently at 0.0401%. The buying sentiment in the U.S. market continues to improve, 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 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, usually indicating: strong buying interest in the U.S. market, institutions 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, typically reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market aversion to risk, or capital outflows.