CryptoQuant: Coinbase premium turning positive releases signals of recovering demand in the U.S

CryptoQuant analyst Darkfost disclosed that the "Coinbase Premium Gap," which measures the price difference between Coinbase Advanced and Binance, has recently turned positive again, indicating initial signs of a recovery in professional capital demand in the U.S. market. Data shows that this is the third time this year that the indicator has returned to positive territory, with the current premium at approximately $10.18, which remains relatively mild overall.

Analysts believe that a positive premium is typically seen as a signal of increased buying from U.S. institutions and professional investors. The report points out that the user base of Coinbase Advanced is more inclined towards professional and institutional participants, while Binance has a broader retail user base globally and holds a significant share of overall market liquidity. Therefore, changes in the price difference between the two are often used as an important indicator to observe the flow of U.S. capital.

Since Bitcoin entered a more pronounced correction phase on February 4, this premium gap has been continuously repairing and recently turned positive again. However, analysts emphasize that this signal is still preliminary, reflecting a cautious market sentiment, and the possibility of turning negative again in the short term cannot be ruled out. Overall, the current price level is gradually becoming attractive to professional capital, but to confirm a trend reversal, further observation of the continued expansion of the premium and changes in capital behavior is still needed.