Coinbase比特币溢价指数终结连续29日负溢价，现报0.0255%

Coinbase Bitcoin Premium Index Ends 29-Day Negative Premium Streak, Now at 0.0255%

On November 30th, 2025, according to data from Coinglass, the Coinbase Bitcoin Premium Index has finally broken its record for continuous negative premium after 29 days and is now back in positive territory at a level of 0.0255%.

Note by BlockBeats: The Coinbase Bitcoin Premium Index serves as an indicator to measure the disparity between the Bitcoin price on Coinbase, a leading US trading platform, and the average global market price. This index acts as a key tool for understanding flows of capital in the United States, the level of institutional investment interest, and shifts in market sentiment.

A positive premium indicates that the Coinbase price is higher than the global average, which typically suggests several things: a strong buying momentum within the American market, active participation from institutions or compliant funds, abundant liquidity in dollars, and an optimistic outlook for investing. Conversely, a negative premium indicates that the Coinbase price is below the global average, which usually reflects a heavier selling pressure on the US market, declining investor risk appetite, heightened market hedging sentiment, or capital outflows.

Coinbase's Bitcoin Premium Index stepping out of its negative phase and moving towards positive territory signifies a shift in the dynamics within the US Bitcoin market. This shift can be attributed to several factors that have collectively influenced market participants. Firstly, it highlights an increase in investor confidence, as indicated by the reversal of the negative premium streak. The return to a positive premium level suggests that investors are starting to perceive Bitcoin more favorably and are increasingly willing to purchase at a higher rate than the global average price.

Secondly, this change indicates the growing presence of institutional or compliant funds in the US market for Bitcoin. These entities often prioritize stability and transparency when entering new markets. The re-establishment of positive premiums is a clear indicator that such investors are now ready to invest with confidence, as they see favorable conditions for Bitcoin trading on Coinbase.

Furthermore, this turnaround suggests an improvement in liquidity conditions within the US market. With more buying pressure and active participation from institutional or compliant funds, there has been an increase in available dollars for investment purposes. This has led to a positive outlook and an optimistic sentiment among investors towards Bitcoin trading on Coinbase.

In addition, it is important to note that this change in the Bitcoin Premium Index does not necessarily mean that the entire market has shifted towards optimism or that all other factors affecting the global Bitcoin price are no longer relevant. However, as a key indicator of the US market's health and sentiment, the Coinbase Bitcoin Premium Index provides valuable insights into investor behavior and market dynamics within this region.

In conclusion, the Coinbase Bitcoin Premium Index ending its 29-day negative premium streak is an important development that reflects an improvement in conditions for Bitcoin trading on the US platform. This turnaround indicates a growing level of optimism among investors, the increasing presence of institutional or compliant funds, and improved liquidity conditions within the US market. While it remains to be seen how this shift will affect the broader market sentiment and pricing dynamics, one thing is certain: the Coinbase Bitcoin Premium Index continues to serve as an essential tool for monitoring the health and direction of the Bitcoin market in the United States.