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.
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