COINBASE PREMIUM JUST FLIPPED -- FLOWS ARE DRIVING THIS MOVE
Bitcoin’s rebound looks less about geopolitics and more about real money stepping back in.
After weeks of negative readings, the Coinbase Premium just turned positive (~+0.05%) for the first time in about 40 days. At the same time, U.S. spot
#Bitcoin ETFs saw roughly $1.1B of inflows in three days, including about $652M into BlackRock’s $IBIT. $BTC responded by bouncing back toward the $68K area.
The structure here matters. Coinbase is a key venue for U.S. institutional flow, and a positive premium typically signals real spot demand