Bitcoin price attempts to recover near $65,000 as Coinbase Premium turns positive despite recent exchange-traded fund outflows.
Summary
- Bitcoin price prediction leans towards trend reversal as Coinbase Premium turns positive.
- This indicator indicates the return of strong US demand after recent ETF outflows.
- Price must regain key resistance to confirm a stronger recovery.
Bitcoin was trading at $65,907 at press time, up 3.4% in the past 24 hours. The move follows a drop to $62,900 over the past week where buyers stepped in.
Even with the rebound, Bitcoin (BTC) is still down 24% over the past month and around 50% below its October 2025 all-time high of $126,050.
Business activity increased during the recovery. Spot volume reached $46 billion, up 22% day-over-day. In derivatives markets, CoinGlass data shows that futures volume rose 6.2% to $74.8 billion, while open positions fell 0.1% to $43.9 billion.
This suggests that some traders are closing their positions rather than adding aggressive leverage.
Coinbase premium turns positive
On February 25, the Coinbase Premium Index turned positive for the first time in 40 days, hitting 0.0525%, according to CoinGlass.
The index measures the price difference between Coinbase and global exchanges. A positive reading means Bitcoin is trading slightly higher on Coinbase, which often reflects stronger US demand.
This move comes at a time when US spot Bitcoin ETFs have seen strong outflows, with a recent outflow of around $3.8 billion. This contrast is important. Even though ETF capital is gone, the premium suggests some U.S. buyers are returning thanks to FX flows.
In past cycles, sustained positive premiums have aligned with accumulation phases and relief recoveries. However, a single reversal does not confirm a change in trend. Traders will be watching to see if the premium widens and holds over multiple sessions.
Bitcoin Price Prediction: Is the Trend Reversing?
Bitcoin is trying to stabilize after a strong correction phase. On the daily chart, the price is still trading below its short-term trend pivot, near the middle Bollinger band, around the maximum zone of -$67,000.
This area now acts as the line that separates a backup rebound from a stronger recovery attempt.
Momentum indicators show improvement from oversold conditions, with the Relative Strength Index rising from levels below 30 earlier in February. However, the bulls have not yet completely regained control, as the RSI is still below the midpoint.
The recovery could reach the -$70,000 low zone if Coinbase Premium remains positive and Bitcoin breaks through the median resistance with increasing spot volume. A move into this zone would change the short-term structure and increase confidence that the trend has reversed.
On the other hand, failure to regain resistance would keep the price vulnerable to a further pullback towards the mid-$64,000 zone. A break below this support would increase the risk of a deeper move towards $60,000.
