Coinbase Bitcoin Premium Index turns positive after 29 days

According to the latest data from CryptoQuant, the Coinbase Bitcoin premium index has turned positive after being negative for 29 days, currently reported at 0.0132%, also setting the record for the longest duration of "negative value" so far this year.

When the Bitcoin price on Coinbase is higher than the global average price, the premium index is positive, indicating strong buying in the U.S. market, with institutions or compliant funds actively entering, and investor sentiment is optimistic; conversely, it indicates significant selling pressure in the U.S. market, with a decrease in investors' risk appetite.