Coinbase Premium Resurgence Points to Strong Rebound in U.S. Demand

Stock News16:24

Data from Woofun AI shows Bitcoin is once again trading at a premium on Coinbase Global, Inc. (NASDAQ: COIN) relative to Binance, signaling a notable recovery in buying interest on U.S.-based trading platforms.

According to Coinglass figures, the price gap between Nasdaq-listed Coinbase and offshore rival Binance flipped positive on Friday, marking the first time this metric has turned favorable since May. This shift follows Bitcoin's powerful rally from roughly $63,000 to above $80,000, reflecting robust market momentum.

Data compiled by Woofun AI highlights that U.S.-listed spot Bitcoin ETFs, spearheaded by BlackRock, Inc. (NYSE: BLK) and its IBIT fund, have recently regained investor favor, collectively attracting $3.51 billion in inflows. This marks the highest level since October 2025 and emerges as a key driver behind the renewed premium. Historical patterns suggest a sustained Coinbase premium often accompanies upward Bitcoin price movements.

Analysts note that if this trend persists, bulls could target the 50-week simple moving average near $81,000, which represents the final critical hurdle in establishing a bullish market structure.

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