Coinbase Bitcoin Premium Turns Positive as Silver Hits Record High

The Coinbase Bitcoin Premium Index (CBPI), which tracks the price difference between Bitcoin on Coinbase and global exchanges, has turned positive for the first time in weeks, indicating a stabilization and slight premium being paid by US spot buyers.

This positive shift follows a period of negative readings throughout November, which reflected softer US demand and ETF outflows. The premium turning green suggests US demand is improving, which is significant as the US market often leads Bitcoin price inflection points, even amid broader market fear.

This development coincides with silver surging to a new all-time high above $55/oz. While Bitcoin and silver correlation is typically low, this simultaneous strength in hard assets suggests that macro conditions, such as dollar weakness or liquidity changes, are beginning to support flows into alternative assets again, potentially marking the end of fear-driven selling.

(Source：BeInCrypto)