The Coinbase Bitcoin Premium Index returned to positive territory yesterday.

According to data from Coinglass, the Coinbase Bitcoin Premium Index returned to positive territory yesterday, currently standing at 0.03%, after turning negative on October 31st. This followed a 29-day streak of negative values, the longest such streak so far 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 leaning towards optimism. Conversely, a negative premium index suggests significant selling pressure in the US market and a decline in investor risk appetite.