The buying sentiment in the U.S. market continues to improve, with the Coinbase Bitcoin premium index remaining positive for the ninth consecutive day.

BlockBeats News, April 17th, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained positive for 9 consecutive days, currently at 0.0117%. The buying sentiment in the U.S. market continues to improve, after previously being at 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 leading U.S. exchange) and the global market average price. This index is an important indicator of observing U.S. market capital inflows, institutional investment interest, 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 entry of institutional or compliant funds, 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, decreased investor risk appetite, a rise in market risk aversion, or capital outflows.