Crypto
Coinbase Premium Flips Green After Three-Month Slump
The Coinbase premium for BTC has turned green after three months, indicating renewed US-based spot demand rather than leverage-driven price pumps.
This shift is marked by sustained negative readings and aligns with a bullish trend structure where the BTC price sits above both the EMA50 at $76,631.31 and the EMA200 at $69,613.82.
However, caution should be exercised in the short-term due to the MACD death cross at 724.61, while the RSI remains neutral inside the Bollinger Bands between $77,984.52 support and $80,446.7 resistance.
The recovery of this premium is being closely watched by traders who are now factoring it into US spot demand recovery scenarios that could influence broader crypto market momentum and institutional flows.