Bitcoin's 'Coinbase Premium' Flips Positive After Weeks in the Red

Bitcoin’s ‘Coinbase Premium’ Flips Positive After Weeks in the Red

Bitcoin’s Coinbase Premium turns positive after weeks in the red, signaling renewed U.S. buying strength as BTC tests key resistance levels.

Bitcoin’s market momentum is showing signs of renewed strength as the Coinbase Premium Index, a key metric that tracks U.S. buying activity, flipped positive after spending nearly a month below zero. The shift suggests fresh demand from U.S. investors and institutions, marking an important turning point for market sentiment.

What Is the Coinbase Premium and Why It Matters

The Coinbase Premium Index measures the difference between Bitcoin’s price on Coinbase and its price across global exchanges.

Negative premium: indicates U.S. outflows or lower appetite for BTC.
Positive premium: signals stronger U.S. demand, often correlating with ETF inflows and improved dollar liquidity.

On Thursday, Coinbase spot prices traded consistently above global averages, the first time this has happened since late October. This movement points to early signs of a U.S.-driven recovery.

BTC Price Outlook: Key Levels to Watch

At the time of writing, Bitcoin is hovering near $91,000, attempting to reclaim momentum after weeks of turbulence. Analysts highlight the following levels:

$90,000: Now acting as a critical resistance zone
$95,000: Bulls must break this level to regain upward trend conviction
$87,000: A drop below this risks a deeper correction toward $80,000

Market strategists note that BTC’s recent bounce aligns with a typical oversold rebound after two weeks of aggressive liquidations.

Stablecoin Balances Hit Records, Signaling Fresh Liquidity

One of the strongest signals of potential market growth is coming from Binance, where stablecoin reserves have surged to an all-time high of $51.1 billion. This suggests that traders and institutions are preparing capital for potential market entries.

Options desks also note clearing of speculative long positions, easing skew, and a setup described as “ready for growth.”

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Sentiment Improves but Remains Cautious

The crypto fear and sentiment index has risen to 25, moving out of extreme fear but still reflecting cautious optimism. Only one in seven large-cap tokens saw gains in the past 24 hours, showing how narrow and selective the rebound remains.

Despite the uncertainty, the overall crypto market cap is still holding near $3.1 trillion, highlighting resilience beneath the volatility.