Bitcoin is starting to show the first signs of a US-led recovery in demand after the Coinbase Premium Index turned positive for the first time in weeks – a shift that comes just as BTC climbs back above the key $90,000 level.
New data from MintGlass shows the premium entering green territory within a one-hour window, marking a break from the persistently negative numbers that dominated much of November.
A positive premium means BTC is trading higher on Coinbase versus global exchanges – typically interpreted as renewed purchasing power from US spot participants.
US demand is showing a rebound for the first time after weeks of low prices
In late October and most of November, Coinbase prices consistently lagged the global average, indicating net selling pressure from US traders.
The graph now shows that the discount is fading and that the premium has become positive.
Source: Coinglass
Historically, this shift occurs when:
- US retail is retreating after a correction
- Institutional bills are starting to pile up again
- Stablecoin-to-fiat flows are increasing on regulated US platforms
While the positive premium is still early and shallow compared to previous cycles, it marks a meaningful change in direction – the first clear sign that US demand is no longer net negative.
BTC regains $90K as the trend structure shows a higher low
An analysis of the BTC price chart provides important context. After falling to the region of $84,000, Bitcoin has now recovered $91,138, which amounts to:
- A higher low on the daily time frame
- A bullish MACD crossover is starting to form
- Power returns to daily candles after weeks of selling
Source: TradingView
This alignment, rising spot demand on Coinbase, and structurally improving price action suggest the correction phase may be stabilizing.
What traders should pay attention to next
The main levels now are:
- $92.5K – $94K: Local resistance from late November
- $90K: Newly recovered support
- Coinbase Premium: Whether It Stays Positive Or Returns To Negative Territory
If the premium remains above zero while BTC consolidates above $90,000, it would strengthen the case for a larger recovery attempt.
Final thoughts
- The Coinbase Premium Index turns positive, signaling the first meaningful return in US demand after weeks of selling pressure.
- Now that BTC has made a higher low and reclaimed $90,000, the market structure is starting to stabilize – but continued US bidding power is the confirmation to watch.