BULLISH 📈 : Coinbase premium turns positive, signals returning US Bitcoin spot demand
Coinbase Premium Gap flips positive. First sign of US demand relief for Bitcoin.
The gap moved to +25.4, ending nearly 10 weeks of negative prints. Data comes from CryptoQuant analyst @IT_TECH_PL on X. Earlier, the metric was negative through the drop from ~$95,000 to below $65,000 in February per NewsBTC.
Negative gap means US selling pressure on Coinbase outpaces global bids. Positive means US buyers lift Coinbase above offshore prices. The flip is an early sign of returning US spot demand per Bitcoinist.
From January 1 to March 7, the gap stayed negative per CryptoQuant. The trough hit -175 on February 2, matching the sharpest phase of the selloff on X. The turn into positive is flagged as the first step toward a market structure shift per Bitcoinist.
- Coinbase Premium Gap low: -175 on Feb 2 source
- Latest reading: +25.4 source
- Negative streak: Jan 1–Mar 7 source
Caution remains. Some on-chain signals are turning constructive via Cointelegraph on X, but several analysts aren’t calling the bottom yet.
A technical view from Ted Pillows notes past cycle lows formed below the 300-week EMA. In the last two cases, price dipped more than 15% under that average before bottoming chart on X. The 300W EMA sits near $57,100. A similar move would imply a possible test around $50,000 per NewsBTC. This path is not assured before a base forms per Bloomberg coverage.
Headline: Coinbase Premium Gap turns positive to +25.4 after 10 weeks negative
