Coinbase Premium Index shows early signs of recovery as selling pressure in the US finally eases


It looks like Bitcoin’s most important reversal signal is finally starting to form. After three weeks of selling pressure underpinned by US spot markets and record outflows from exchange-traded funds, a rare set of metrics has begun to appear flat.

Coinbase Premium is recovering, whales are buying aggressively, funding rates have turned negative, and new streams of ETFs are emerging. Analysts say it’s the first coordinated improvement in Bitcoin’s market structure since early November.

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US selling pressure eases suddenly after 22 days of pain

For most of November, entities based in the United States have depressed the price of Bitcoin. The Coinbase Premium Index, which compares BTC prices on Coinbase Pro (widely used by US institutions) against global exchanges, remains… Negative for 22 consecutive dayswhich indicates the longest discount period in 2025.

added analyst Crypto Goose what you do Whenever this indicator becomes “intense red”, Bitcoin declines, recognizing the resulting change this week. Now it is beginning to calm down, which may indicate the beginning of a reversal.

Coinbase Bitcoin Premium
Coinbase Bitcoin Premium. Source: Coinglass

DarkFost, which is said to monitor the index daily, said the same cohorts of sellers, such as institutions, professionals and American whales, have reduced pressure significantly since the November 21 peak.

Fawcett wrote what you do “The selling pressure from these players has decreased significantly… If this trend continues, it should give the market some space.”

Elsewhere, analysts note that the most significant change has occurred in position statements, with… Whales are buying into Bitcoin more aggressively than individual investors For the first time in history.

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With Coinbase Premium rising again, financing rates falling, and the retail sector faltering, analysts say such conditions often precede sustained trends.

“The uptrend will continue for a longer period. Maybe until the end of the year,” suggested analyst Bara Mohandes.

In a similar tone, the analyst of CryptoTrades Dan emphasized that the dynamics of the spot is improving below, citing a stable return to the advantage of Coinbase as the financing rates become negative. In his opinion, even small improvements are important because the previous sales pressure was intense.

Macroeconomic changes towards risk: the rejection of the dollar, the yields fall, and finally the ETF flows turn green.

Others see major catalysts emerging from the macro level, with MV Crypto pointing to a series of major market changes.

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They said the probability of a rate cut jumped from 30% to 84% in a week, indicating optimism for the broader markets… An important resistance barrier for DXY is rejected… and the 10-year bond yield is below 4%.

The price performance of the US Dollar Index (DXY)
The price of the US Dollar index (DXY). Source: TradingView

Embracing the trend calls for adopting an optimistic stance instead of a pessimistic one, thanks to the positive macroeconomic conditions working in favor of the cryptocurrency market.

Signals associated with large flows and transfers reinforce this line of thinking, with SpaceX transferring $105 million of Bitcoin to Coinbase Prime for safekeeping.

In addition, after one of The worst months of Bitcoin fund flows everFinally, positive flows were recorded on November 25 and 26.

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Bitcoin Fund Flows
Bitcoin Fund Flows. Source: Farside Investors

Historically, Bitcoin performs best when fund flows and Coinbase Premium increase together, indicating broad demand in the US for institutional products and spot exchanges.

However, analyst Ted struck a more cautious tone, Pointing Although the BTC premium on Coinbase is now rebalanced, until this move stabilizes in favor of the uptrend, most of the BTC rallies will be sold.

Perhaps this is exactly where the market is sitting, a state that has not fully recovered, but is no longer bleeding. This is in line with a recent analysis by BeInCrypto that highlighted Ongoing liquidity concerns Although the price of Bitcoin rose to more than $90,000.

With whales increasing long positions, US selling easing pressure, funding rates turning negative, general sentiment turning bullish, and ETF flows returning, analysts say Bitcoin is entering its first legitimate bullish window since early November.





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