Coinbase Bitcoin Premium Index Negative Premium Expands to -0.1573%

April 3rd – The U.S. March unemployment rate and non-farm payrolls (NFP) data will be released tonight at 20:30 Beijing time. Below are forecasts from major institutions: ### **Unemployment Rate Forecasts** - 4.3%: DBS Bank, Natixis - 4.4%: ING, ANZ Bank, Barclays, SocGen, Berenberg, MUFG Bank, Citi, HL Bank, Goldman Sachs, ING International, JPMorgan, Lloyd’s Bank, SMBC, Moody’s Analytics, Nomura Securities, Pantheon Macroeconomics, Morgan Stanley, RBC, SMFG, TD Securities, UBS Group, Santander Bank, Yuanta Bank, Woori Bank, Stifel, Reuters Poll - 4.5%: Bank of America, Capital Economics, Daiwa Capital, Wells Fargo, HSBC, Danske Bank, Standard Chartered, TD Bank, Jefferies, Spartan Securities, Deutsche Bank (additional) ### **Non-Farm Payrolls (NFP) Forecasts (in thousands)** - -25K: DBS Bank - -16K: High-Frequency Economics - +25K: Daiwa Capital - +28K: Spartan Securities - +30K: Deutsche Bank, Danske Bank, TD Securities - +40K: Wells Fargo - +50K: Barclays,

On April 3rd, per HyperInsight monitoring (source: https://t.me/HyperInsight), a whale address starting with 0xb5a opened a 40x leveraged short position on BTC over the past hour. The position totals $10.2 million, with an average entry price of $67,159. As of press time, the whale has partially closed $1.4 million of the position, set a stop-loss at $67,102, and plans to fully close the remaining position and exit once BTC reaches that stop-loss level. This marks the fifth short attempt by this address in the past 24 hours.

As of April 3, Coinglass data shows Coinbase’s Bitcoin Premium Index flipped from negative to positive after 15 days, currently sitting at 0.0019%. This signals a pickup in buying sentiment in the U.S. market. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. market capital inflows, institutional investment activity, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price is higher than the global average—typically pointing to strong U.S. buying demand, active entry by institutions or regulated funds, ample USD liquidity, and broadly optimistic investor sentiment. A negative premium, by contrast, signals Coinbase’s price is below the global average, often reflecting heavy U.S. selling pressure, reduced investor risk appetite, heightened market risk aversion, or capital outflows.

As of April 3rd, per tracking from BitcoinTreasuries.NET, proceeds from Strategy’s issued preferred stock (STRC) are expected to fund the purchase of 4,535 bitcoins this week.

April 3rd — Per Arkham monitoring, the Ethereum Foundation has staked an additional 45,034 ETH in the past 30 minutes, valued at approximately $93.22 million. Total ETH staked by the foundation now stands at 67,551, worth roughly $140 million.