Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
Coinbase Bitcoin Premium Index Turns Positive Again as US Market Buyer Sentiment Improves
  • COINX0%
  • BTC0%
  • US0%

BlockBeats News, August 30th, according to Coinglass data, Coinbase's Bitcoin Premium Index has turned positive again, currently at 0.005% (yesterday was -0.0086%), and the buying sentiment in the U.S. market is starting to improve.

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 to observe 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 price, usually implying: strong buying pressure in the U.S. market, active entry of institutions 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 price, 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.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change