As of December 11, data from Coinglass shows the Coinbase Bitcoin Premium Index has extended nine consecutive days in positive territory, currently at 0.0222%. This modest premium reflects a slightly elevated Coinbase price relative to the global benchmark, signaling steady demand in U.S. trading venues.

The Coinbase Bitcoin Premium Index tracks the spread between Bitcoin prices on Coinbase and the global market average. A sustained positive premium indicates ongoing institutional investment interest and ample USD liquidity in the United States, aligning with a cautiously optimistic market sentiment among key buyers.

Conversely, a negative premium would imply greater selling pressure and a shift toward risk-off dynamics. The index thus serves as a practical cryptocurrency market indicator for monitoring capital flows and evolving risk appetite.