Key Notes

The Coinbase Bitcoin Premium Index turned positive for the first time in a month.

The indicator shows rising market sentiment amid US capital flows.

Leading cryptocurrencies are still consolidating with slightly positive momentum.

Bitcoin ( BTC ) rebounded above $90,000 over the past week, as extreme fear sentiment and US capital flows showed signs of improvement.

On Nov. 21, the BTC price fell below $81,000. With the recent shift, the asset is trading close to $91,000 at the time of writing.

According to data provided by Coinglass, the Coinbase Bitcoin Premium Index (CBPI) turned positive for the first time since Oct. 30.

The Coinbase Bitcoin Premium Index is showing rising interest, primarily from US investors | Source: Coinglass

The indicator, which measures the

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