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Data: The buying sentiment in the U.S. market has warmed up, and the Coinbase Bitcoin premium index has turned positive again
According to Coinglass data, the Coinbase Bitcoin premium index has turned positive again, at 0.0028%. Over the past week, there have been 3 trading days with positive premiums, indicating a recovery in buying sentiment in the U.S. market, after being in negative premium for 40 consecutive days.
The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, institutional investment enthusiasm, and changes in market sentiment.
A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and an optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decrease in investors' risk appetite, a rise in market risk aversion, or capital outflows.
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