Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
35%
Share
$2.5K
Minimum
The Coinbase BTC premium index briefly turned positive before falling back to around -0.02, suggesting there is still no clear sign that U.S. spot demand is supporting Bitcoin’s rebound, according to a CryptoQuant analysis by contributor Trader_Gemini.
Bitcoin has recovered to around $81,500, but the current premium reading is only slightly negative and cannot be seen as a direct bearish signal, Trader_Gemini said. The analyst added that whether the premium turns positive again and then holds or expands will be a key indicator for judging whether BTC’s recovery can continue.