Coinbase premium rebound suggests U.S. buyers stepped in

The Coinbase Bitcoin Premium Index, which measures the price gap between bitcoin on Coinbase and the global market average, has climbed sharply from deeply negative territory — moving from about -0.22% at the height of the selloff to roughly -0.05% by Tuesday. While the index remains below zero, the rebound implies U.S.-based investors stepped in to buy the dip as forced selling pressure eased.

Coinbase is widely viewed as a proxy for institutional and dollar-based flows, and a deeply negative premium typically signals U.S. investors are either selling aggressively or staying on the sidelines. The premium has not turned positive, a threshold that historically coincides with sustained accumulation and renewed risk appetite among U.S.

funds. The current move therefore points to selective buying rather than a broader conviction across U.S. investors.

United States

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