Coinbase Premium Index turns positive, can BTC return to 60,000?
Coinbase Premium Index turns positive again.
What is Coinbase Premium Index: The percentage difference between Coinbase Pro price (USD pair) and Binance price (USDT pair).
If the premium is high, it indicates that the demand in the US market has rebounded and the buying pressure on Coinbase is strong.
Judging from the market trend, there are indeed signs of buying and accumulation. If BTC can return to the 60,000 position quickly, the confidence of bulls will increase greatly, and the possibility of setting a new low will be small.
