BaroVirtual
Rising Coinbase premium values indicate that US investors are putting intense buying pressure on Bitcoin.
Generally, rising or high Coinbase premium values due to intense buying pressure on Bitcoin are a good sign in the medium term. In my opinion, high premium values are not very good in the short term, as, as a rule, a little later, this leads to a local downward movement of Bitcoin. It is worth noting that this is especially true when high premiums are combined with inadequate retail leverage setup and an excessive number of longs. Recently, this has been precisely the situation with positions on some Asian crypto exchanges.