Bitcoin Coinbase Premium Index Has Turned Positive At 0.006, Why This Is Important

Bitcoin Coinbase Premium Index Has Turned Positive At 0.006, Why This Is Important


The Bitcoin recent foray into $70,000 price territory has again become a hot topic among investors, with many looking at a positive price outlook. As a result of this fascinating price action, the vast majority of long-term holders have seen their holdings cross into profit zone. Particularly, the positive outlook seems to be positive among US-based investors, as shown by the Coinbase premium turning positive. Some see the return of the Coinbase premium as a bullish signal that could continue to drive the price higher.

Coinbase Premium Index Flips Positive

The Coinbase Premium Index (CPI), which had been trading in the negative since May 18, has now turned positive, according to a cryptocurrency analyst who cited data from CryptoQuant. The Coinbase Premium refers to the

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