The Coinbase Bitcoin Premium Index turned positive after 29 days.
B.news
On November 29th, according to the latest data from CryptoQuant, the Coinbase Bitcoin Premium Index turned positive after 29 days since turning negative on October 31st, currently standing at 0.0132%, marking the longest period of negative
On November 29th, according to the latest data from CryptoQuant, the Coinbase Bitcoin Premium Index turned positive after 29 days since turning negative on October 31st, currently standing at 0.0132%, marking the longest period of negative value this year.
A positive premium index on Coinbase indicates strong buying pressure in the US market, with institutional or compliant funds actively entering the market and investor sentiment being optimistic; conversely, a negative premium index indicates significant selling pressure in the US market and a decline in investor risk appetite.
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