Coinbase Premium Index Signals Strong U.S. Institutional Demand for Bitcoin

The Coinbase premium index, a key indicator of U.S. investor demand in the bitcoin market, has shown a prolonged period of positivity.

According to data compiled by onchain analytics firm CoinGlass, the index has remained positive for 14 straight days, with no negative readings from April 9 to 22.

This bullish trend is significant because it suggests that U.S. institutional investors are aggressively buying bitcoin, despite external setbacks such as geopolitical noise and a DeFi crisis.

The market is focusing on whether the premium will extend further, with many experts believing that strong U.S. buying has been a key feature of previous bitcoin bull markets.