PANews reported on April 22 that, according to CoinDesk, Bitcoin's Coinbase premium index has been positive for 14 consecutive days, marking the longest positive streak since Bitcoin reached its all-time high of $126,000 in October 2025. Coinbase is the preferred exchange for US institutions (corporate treasuries, hedge funds, and ETFs, etc.), and when Bitcoin trades at a premium on Coinbase relative to Binance, it indicates active buying by US buyers. Historically, strong buying by US investors has been a characteristic of bull markets. The premium index was mostly negative from mid-December to the end of February last year, when Bitcoin fell from approximately $100,000 to nearly $60,000. Bitcoin has now surpassed $78,000, with a 14% increase so far in April.