BlockBeats News, April 26th, according to Coinglass data, Coinbase's Bitcoin Premium Index has remained positive for 18 consecutive days, currently at 0.0336%. 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 price of Bitcoin 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 pressure in the U.S. market, active entry of institutional or compliant funds, 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: higher selling pressure in the U.S. market, decreased investor risk appetite, a rise in market risk aversion, or capital outflows.
