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The buying sentiment in the U.S. market has improved, with the Coinbase Bitcoin Premium Index turning positive for the second consecutive day.
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BlockBeats News, June 13th, according to Coinglass data, the Coinbase Bitcoin Premium Index has remained positive for 2 consecutive days, currently at 0.208%. The buying sentiment in the U.S. market is starting to recover, after previously being in a negative premium for 24 consecutive days.

BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator of observing the flow of funds in the U.S. market, institutional investment interest, and market sentiment changes.

A positive premium indicates that the Coinbase price is higher than the global average, usually indicating: strong buying pressure in the U.S. market, active entry of institutional or compliant funds, ample USD liquidity, and a predominantly optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion, or capital outflows.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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