Coinbase Premium Shows First Signs of Recovery as US Selling Pressure Finally Eases

Bitcoin's market structure is showing the first coordinated signs of recovery since early November, following three weeks of intense selling pressure from US spot markets and record ETF outflows. The Coinbase Premium Index, which tracks the price difference between Coinbase Pro and global exchanges, has finally started recovering after remaining negative for 22 consecutive days, indicating that US institutional selling pressure is cooling off. Analysts note that whales are aggressively moving to long positions for the first time over retail investors, funding rates have turned negative, and fresh Bitcoin ETF inflows have reappeared after a period of heavy outflows. Furthermore, macroeconomic factors are turning supportive, with increased rate-cut probabilities, a rejection of the US Dollar Index (DXY) resistance, and falling 10-year yields. The transfer of $105 million in Bitcoin by SpaceX to Coinbase Prime for custody also supports the narrative of returning institutional demand. While some analysts remain cautiously optimistic until the recovery trajectory stabilizes, the confluence of these positive signals suggests Bitcoin is entering a legitimate window for upside.

(Source：BeInCrypto)