Over the past week, Bitcoin has rebounded sharply – postings gains worth more than 22 percent, trading at around $77,100 as of Monday. One of the key indicators worth keeping an eye on during this recovery phase is the Coinbase Premium.
Bitcoin Coinbase Premium sees slight improvement
According to exchange-level data received on Monday, the Bitcoin U.S. Coinbase Premium Index is showing signs of minor improvement. To recall, since late May 2026, the indicator has remained deep in the negative territory.
During June and July, it briefly fell below -0.15, alongside a decline in BTC’s price – signaling persistent selling pressure from the American market. However, the trend now appears to be undergoing a change.
In late August, the Coinbase Premium Index recovered rapidly from around -0.10 to -0.026. While it is still negative, it means that U.S. investors have not yet become aggressive net buyers. However, it suggests that the heavy selling pressure seen over recent months is fading.
For the uninitiated, the Coinbase Premium measures the price difference between Bitcoin on Coinbase and other major exchanges, offering a proxy for U.S. investor buying or selling pressure.
A positive premium generally signals stronger U.S. demand, while a negative premium shows a stronger selling pressure from the U.S. investors.
The next key signal will be whether the Coinbase Premium Index can cross above 0 and remain positive. If Bitcoin continues recovering while the Coinbase Premium turns positive, the market could shift from “selling pressure is easing” to a stronger phase of renewed U.S. spot demand.
Will BTC surge past $80,000?
With BTC touching and rebounding from the $79,500 price level, there are rising hopes of the premier cryptocurrency finally overcoming the psychologically important $80,000 resistance level.
On-chain data shows that Bitcoin may have some more fuel to burn before it comes to a halt. For instance, during the digital asset’s latest upward move, it didn’t show any signs of overheating trading volume which it did during past market tops.
Similarly, during the course of the recent rally, BTC has liquidated short positions worth a mammoth $7.74 billion – recording one of the largest liquidation phases in its history. That said, longs are facing rising risk of getting liquidated as well, signaling that the current rally may be slightly overextended.
