Coinbase Bitcoin Premium Turns Positive, Signaling Strong U.S. Demand

The Coinbase Bitcoin Premium Index has surged into positive territory after almost a month of negative readings. This shift reflects stronger demand from U.S. investors compared to global markets and may indicate increased buying interest from institutions, particularly those investing through exchange-traded funds (ETFs). A positive premium typically indicates that Bitcoin is trading higher on Coinbase, reflecting strong buying pressure from U.S.-based buyers. This change coincides with a recent price recovery for Bitcoin, exceeding $9,000 and surpassing the $10,000 level as the index turned positive. Analysts believe this trend suggests renewed interest in U.S.-based markets using Coinbase as a platform.