TLDR:
- Coinbase Premium turns positive after 24 days, signaling renewed U.S. demand over offshore selling pressure.
- TradingView data shows a shift from negative 0.1 percent to positive 0.049 percent within a short window.
- Past rebounds from similar lows preceded multi-week Bitcoin gains of up to 50 percent.
- Positive premium aligns with rising OTC interest and easing post-October selling pressure.
Bitcoin’s Coinbase Premium Index flipped into positive territory after nearly a month of negative readings.
The shift follows a sharp move from negative 0.1 percent to positive 0.049 percent. It marks the first time U.S. buyers have outweighed offshore sellers since the October market downturn. The move signals renewed spot demand that traders have monitored closely.
U.S. Demand Lifts After Extended Weakness
Fresh data shared by CryptosRus shows the index turning positive for the first time in 24 days. The metric tracks the price gap between Coinbase and Binance, offering a real-time view of U.S. trading flows.
Recent negativity in November reflected steady offshore selling and softer ETF activity after the October correction. The sharp reversal indicates growing interest from U.S. desks during a period of broad market caution.
Price gaps on Coinbase usually expand when U.S. institutions increase allocations. Data from the chart shared in the post shows a decisive bounce from deeply negative prints.
That behavior last appeared in November 2024 and April 2025 before multi-week advances. Market participants often use this signal to assess short-term strength in spot demand.
According to the post, OTC activity in the United States has also started to pick up. That development usually appears ahead of increased ETF stability and broader appetite for spot purchases. The combination creates a pattern that traders consider early in washout cycles.
Positive Premium Points To Renewed Buying Momentum
The return of a positive premium suggests that U.S. bids are absorbing offshore pressure again.
The shift follows several weeks where heavy selling on global exchanges dragged the index lower. Those conditions eased as Coinbase pricing strengthened relative to Binance. The change adds new context to a market that spent most of November processing institutional outflows.
According to the shared data, past rebounds from similar lows preceded gains of 30 to 50 percent over several weeks. Those periods began after extended drawdowns when U.S. buyers regained control of short-term pricing.
While conditions differ today, the premium’s turn offers traders a clear signal of renewed activity.
CryptosRus framed the move as one that appears near the end of a washout rather than the start. That interpretation aligns with the history of the index, which rarely flips positive during heavy distribution phases.
U.S. spot demand returning at this scale has been uncommon since the October decline.
Traders now watch whether ETF flows stabilize in parallel. Although flows have softened since late October, a stronger U.S. bid often leads to improving institutional participation.
Market desks continue monitoring the premium’s direction to confirm sustained demand.
The post Coinbase Premium Turns Positive As U.S. Spot Demand Reappears appeared first on Blockonomi.
Source: https://blockonomi.com/coinbase-premium-turns-positive-as-u-s-spot-demand-reappears/