CryptoQuant analysts report that the Coinbase Premium has returned to a neutral level

CryptoQuant: Coinbase Premium Recovers from Negative—But U.S. Bulls Still on Hold

The Coinbase Premium Index is climbing back from the depths. Analyst Axel Adler notes that after a period of deeply negative readings that signaled a collapse in U.S. investor demand, the metric has now recovered to a neutral-to-weak level. But it hasn't flipped positive and held. Translation: U.S. buyers are no longer fleeing, but they're not charging in either. Sentiment is still cautious.