
What is Coinbase bitcoin premium index?
Could you please clarify what the Coinbase Bitcoin Premium Index entails? I'm curious to know if it represents a measure of the premium or discount of Bitcoin's price on Coinbase relative to other exchanges, and if so, how it's calculated and why it's considered an important metric in the cryptocurrency market. Additionally, I'd like to understand if this index can offer insights into market sentiment or potential arbitrage opportunities.
