PANews reported on March 21 that CryptoQuant analyst Axel Adler stated in an article on the X platform that the Coinbase Premium Index recovered from negative territory, reflecting a collapse in demand from US investors, to a neutral-to-weak level between February and March 2026. However, the indicator has not yet stabilized in positive territory, indicating that comprehensive bullish momentum from US investors has not yet been confirmed, and market sentiment remains cautious.