Data: Coinbase Bitcoin premium index has returned to positive territory
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Data: Coinbase Bitcoin premium index has returned to positive territory
According to Coinglass data, the Coinbase Bitcoin premium index turned positive yesterday, temporarily reporting 0.03%, after being negative since October 31. The previous 29 consecutive days of negative values marked the longest streak this year. A positive index indicates that Bitcoin prices on Coinbase are higher than the global average, reflecting strong buying demand in the U.S. market and active participation from institutional or compliant funds.
Navigating Web3 tides with focused insightsTechFlow, Nov 30 — According to Coinglass data, the Coinbase Bitcoin premium index turned positive yesterday after remaining negative since October 31, currently standing at 0.03%. The previous 29 consecutive days of negative readings marked the longest such streak this year.
A positive index indicates that Bitcoin prices on Coinbase are higher than the global average, reflecting strong buying demand in the U.S. market and active participation from institutional or compliant capital.
