According to CoinMeta, data from CoinMeta shows that the Coinbase Bitcoin premium index has turned positive intermittently since August 22. On August 22 at 06:00, 11:00, and August 23 at 03:00, it reported values of 0.0058%, 0.0054%, and 0.0052%, respectively. On August 24 at 08:00, it was still in the positive range at 0.0032%, but the most recent reading is still in the negative territory. This index has been in the negative range for a long time since early May. Although there have been some positive signals recently, they have been small and sporadic, which may indicate that the selling pressure from institutional investors has eased to some extent.