The Coinbase Premium Index is showing signs of recovery. Axel Adler, an analyst at CryptoQuant, noted that while there are signs of recovery in the Coinbase Premium Index, a strong bullish momentum in the US market has not yet been confirmed. According to Adler’s analysis on X, the Coinbase Premium Index recovered from negative territory to neutral-weak levels during February–March 2026. Currently at -0.0195%, the indicator has remained negative for three consecutive days, suggesting that widespread US buying appetite has not materialized and market sentiment remains cautious.
On the other hand, Adler pointed to a notable development in the stablecoin market, stating that the total market capitalization of USDT and USDC rebounded from -$8.1 billion to +$4.5 billion, signaling renewed growth and liquidity returning to the market. However, inflows to exchanges were still below normal levels, approximately 0.68 times their typical pace.
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