In 2025, the Coinbase Premium Index turned positive, aligning with Bitcoin’s price exceeding $102,000.
Role of Coinbase Premium Index
The Coinbase Premium Index measures Bitcoin's price difference on Coinbase compared to other major exchanges. A positive CPI indicates strong buying interest in BTC among U.S. investors, particularly institutional and ETF participants. This shift reflects increasing demand for BTC in the U.S. market.
Bitcoin Amid Index Change
Bitcoin's price exceeding $102,000 highlights the positive sentiment. Large BTC outflows from Coinbase to personal wallets are seen as a sign of long-term investor confidence, as noted by Burak Kesmeci. The CPI serves as an early indicator of investor behavior influencing general BTC trends in the U.S.
Derivatives Market Sentiments
Despite positive developments in the spot market, trends in the derivatives market show caution. The perpetual funding rate's decline to 0.009% indicates limited appetite for long positions at a premium. This divergence indicates a split in market behavior: spot markets are showing bullish tendencies, while futures markets remain restrained.
The new positive value of the Coinbase Premium Index indicates strong interest from U.S. investors, but caution in the derivatives market shows the complexity of market dynamics.
