Coinbase Premium Turns Positive After Successfully Retesting $60,000 Coinbase Premium is one of the most important Bitcoin market indicators, showing the price difference of Bitcoin on Coinbase compared to other major exchanges. It is primarily used to measure how much US investors pay to acquire Bitcoin compared to international traders. According to Julio Moreno, Head of Research at CryptoQuant, the Coinbase premium had been negative since mid-January, indicating that US traders valued the asset less than their global peers, leading to weak market demand. But now it has reversed and turned positive!