Warm Welcome, Tagus Community, March 11, 2026
Coinbase Premium Positive Signals Institutional Demand: The Coinbase Premium Index, which measures the price difference between Bitcoin on Coinbase and the global average across offshore exchanges such as Binance, stood at +0.0174 as of Mar. 10, having turned positive on Mar. 9 and has oscillated into positive territory intermittently since Feb. 24. This represents a marked structural shift from the January. through early February. period, when the index moved progressively deeper into negative territory, bottoming at -0.229 on Feb. 4 and reflecting sustained U.S. institutional selling and cautious de-risking. Whilst the index briefly turned negative at the outset of the U.S.–Iran conflict on Feb. 28 as investors initially reduced exposure across risk assets, it has since recovered and hovered around positive readings rather than resuming the persistent negative drift seen earlier in the year. The persistence of a positive premium during a period of geopolitical stress provides an important signal about the behaviour of U.S. institutional investors, as the analysis below shows.
