BULLISH 📈 : Coinbase Bitcoin Premium Turns Positive After February Decline

Key Developments in Bitcoin Market:

The Coinbase premium for Bitcoin flipped above zero, ending a negative trend since February 6.
Bitcoin traded around $66,150 on Binance futures, with spot prices showing a lower value near $65,070, indicating typical market divergences.
A positive Coinbase premium suggests higher domestic demand in the US compared to offshore markets.
Market factors such as geopolitical tensions and tariff discussions have influenced investor behavior, driving them towards safer assets, affecting Bitcoin prices.

Market Insights:

Sustained premiums could signal strong market trends if supported by exchange inflows and trading volumes.
Daily trading volume was reported near $45.71 billion, with a market cap close to $1.30 trillion.
Observers are closely monitoring funding rates, open interest, and exchange flows for further market signals.
The positive premium is seen as encouraging but not definitive for a market rally; investors await more concrete indicators.

Coinbase Premium Chart

Investors remain cautious, observing upcoming sessions for confirmation of stabilization in the Bitcoin market.